US EditionCango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
MACAU, JUL 23 – Cango Inc. finalized leadership changes and a $70 million secondary share sale to Enduring Wealth Capital Limited, advancing its status as a top global Bitcoin miner with over 50 EH/s capacity.
- On July 23, 2025, Cango Inc. completed its transformation into a global Bitcoin miner with the appointment of a new Board and senior management team with digital-asset, finance, and energy expertise in Hong Kong.
- Amid growing digital asset adoption, Cango Inc. entered crypto markets in November 2024, supported by a secondary sale of 10 million Class B ordinary shares for US$70 million.
- Meanwhile, Enduring Wealth Capital Limited holds about 2.82% of outstanding shares and 36.73% of voting power, following share conversion.
- Cango Inc. plans to begin developing sustainable, high-performance computing opportunities, and strategically expand upstream into dedicated power resources to create lasting value.
- Amid rapid expansion, Cango Inc. oversees a treasury exceeding 4,000 Bitcoins, Mr. Peng Yu said.
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PR Newswire
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
/PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has completed its transformation into a global Bitcoin miner with...
Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin Miner. To this end, a new Executive Board (the "Board") and a management team with extensive expertise in the areas of digital infrastructure, finance and energy investments were appointed. On July 23, 2025, the Executive Board (i) appointed Mr. Xin Jin as Chairman of the Executive Board and non-executive director, (ii) Mr. Peng Yu as CEO and Director, (iii) Mr. Cha…
Cango Inc. [Newsroom]Hongkong (ots/PRNewswire) - Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin Miner. To this end, a new Executive Board (the "Board") and a leading team with extensive expertise in the fields of ... Read more...Original content of: Cango Inc., news transmitted by currently
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