Cango inc. announces closing of share-settled crypto mining assets acquisitions

Hong kong , june 27, 2025 /prnewswire/ -- cango inc. (nyse: cang) ("cango" or the "company") today announced that it has completed the previously announced acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 exahash per second through issuance of 146,670,925 class a ordinary shares of the company to the sellers in proportion to the aggregate hashrate of the machines sold by each seller (the "share-settled transactions"). the company announced signing of the on-rack sales and purchase agreement for the share-settled transactions (the "purchase agreement") on november 6, 2024, and amendments to the purchase agreement on march 26, 2025, april 3, 2025, june 4, 2025 and june 23, 2025.
CANG Ratings Summary
CANG Quant Ranking