Cango inc. accelerates strategic transformation into global bitcoin mining with divestiture of prc business, new shareholders and acquisition of additional mining capacity

Hong kong , june 10, 2025 /prnewswire/ -- cango inc. (nyse: cang) ("cango" or the "company"), a rapidly-expanding leader in bitcoin mining, today provided an update on its comprehensive strategic transformation, marked by a series of recently completed transactions and finalized agreements that have repositioned the company as a well-capitalized leader in the global bitcoin mining sector. key transformation initiatives and timeline: may 27, 2025: cango divested all prc-based operations and announced changes to the board and management, including the appointment of co-founder and ceo mr.
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