Cango Inc. (CANG) Amends Share-Settled Crypto Mining Assets Acquisitions

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Go back to Cango Inc. (CANG) Amends Share-Settled Crypto Mining Assets Acquisitions

Cango Inc. Announces Third Amendment to Share-Settled Crypto Mining Assets Acquisitions

June 4, 2025 6:00 AM EDT

HONG KONG, June 4, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that it has entered into the third amendment (the "Third Amendment") to the On-Rack Sales and Purchase Agreement (the "Purchase Agreement") dated November 6, 2024 for the acquisitions of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash per second through issuance of Class A ordinary shares of the Company to the sellers (the "Share-Settled Transactions").

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