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CANG

0.5159 USD
0.0291
5.34%
Last update May 7, 12:10 PM EDT
Main market
Day range
0.5002
0.531
Previous close
0.54500002
Open
0.531
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Cango Inc-KY
0.52
0.03
5.34%

Overview

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Description

Cango Inc. - ADR represents American Depositary Receipts of Cango Inc., a prominent technology-driven automotive transaction service provider in China. The company specializes in connecting car buyers with dealer networks through a digital platform, offering services that streamline the vehicle purchase, financing, and after-sales processes. Cango leverages data analytics and AI technologies to enhance customer experience and optimize the supply chain in the automotive industry. Primarily, Cango Inc. serves the China automotive market, one of the largest and most dynamic in the world, and plays a significant role in bridging the gap between consumers and automotive retailers. Its wide-reaching platform supports various automotive dealership brands, aiding them in accessing financing solutions and expanding their sales reach. In the global financial markets, Cango Inc. - ADR provides U.S. investors the opportunity to participate in the growth of China's burgeoning digital automotive services sector. The ADR format allows easier access to Cango’s shares for those outside of China, reflecting the company's growing influence and ambition to integrate global investors into China's massive automotive marketplace.

About

CEO
Mr. Peng Yu
Employees
96
Address
3131 McKinney Avenue
26th Floor, 2605 25 Harbour Road
Dallas, 75204, TX
United States
Phone
86 21 3183 5087
Instrument type
Common stock
Sector
Financial Services
Industry
Capital Markets
Country
United States
MIC code
XNYS
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Latest press releases

Apr 13, 2026
Cango's HPC and AI Inference Subsidiary, EcoHash, Begins Commercial Operations

DALLAS, April 13, 2026 /CNW/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced the launch of the official digital portal for its subsidiary, EcoHash Technology LLC ('EcoHash' or the 'Subsidiary'). Accessible at www.ecohash.com, this platform serves as the primary interface for EcoHash's high-performance computing (HPC) and AI inference operations. The site is designed to streamline strategic engagement with two key audiences: AI developers seeking low-latency, near-source compute, and energy-intensive compute operators pursuing modular pathways to infrastructure diversification.

Goldman Sachs Research forecasts that U.S. data center power demand could reach 700 TWh by 2030, largely driven by AI inference workloads, yet the maximum available supply remains just above 300 TWh, underscoring a structural gap of roughly 400TWH between soaring compute demand and delayed infrastructure deployment. EcoHash addresses these challenges by leveraging Cango's global energy footprint to deploy standardized, plug-and-play compute modules, paired with its proprietary EcoLink Orchestration Platform. This integrated system unifies and schedules geographically dispersed compute capacity to deliver enterprise-grade uptime through intelligent failover. The result: elastic, low-latency compute that scales seamlessly and activates on demand.

Cango is dedicating space at its owned 50MW Georgia mining facility to this initiative. By utilizing the facility's existing infrastructure and energy access, the site will operate full-series container models as a "living showroom". This facility is designed not only to demonstrate real-world performance across varying thermal and power configurations but also to serve as a strategic proof-of-concept hub for industry collaborators across the digital infrastructure and mining ecosystem. By showcasing the commercial viability of these plug-and-play modules, Cango aims to invite global partners to integrate into the EcoHash network. This collaborative approach aims to build a robust, globally distributed AI power grid, replicating the Georgia model across high-potential sites both within and beyond Cango's current network.

Jack Jin, Chief Technology Officer of EcoHash, commented, "EcoHash represents the core vehicle of our strategy to architect a future-ready platform and serve as our next growth engine, now entering a phase of accelerated commercialization. Our proprietary orchestration layer, the central nervous system of our network, is built to enable intelligent, real-time resource allocation. This connects decentralized energy assets directly to the demands of LLM inference, generative AI, and a growing spectrum of compute-intensive applications as our node infrastructure scales."

Contact: ir@cangoonline.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cangos-hpc-and-ai-inference-subsidiary-ecohash-begins-commercial-operations-302740252.html

SOURCE Cango Inc.

Apr 10, 2026
Cango Inc. Filed Its Annual Report on Form 20-F

DALLAS, April 10, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the Securities and Exchange Commission (the "SEC") on April 10, 2026, U.S. Eastern Time.

The annual report can be accessed on the Company's investor relations website at ir.cangoonline.com or the SEC's website at www.sec.gov. The Company will also provide a hard copy of its annual report containing its audited consolidated financial statements, free of charge, to its shareholders upon request.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cango-inc-filed-its-annual-report-on-form-20-f-302739195.html

SOURCE Cango Inc.

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Main market

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Closing in 3 hours 45 minutes

12:14
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Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).