cango inc. announces amendment to crypto mining assets acquisition

Published 05/06/2025, 11:14
cango inc. announces amendment to crypto mining assets acquisition

Cango Inc . (NYSE:CANG) has announced a third amendment to its share-settled crypto mining assets acquisition agreement. This update was detailed in a recent filing with the U.S. Securities and Exchange Commission (SEC). The amendment to the sales and purchase agreement was made on June 4, 2025.

Cango Inc., a Shanghai-based company, operates in the prepackaged software services industry. The amendment is part of the company’s ongoing strategy to expand its involvement in the cryptocurrency sector. The filing did not disclose specific details about the changes in the agreement or the financial terms involved.

The announcement follows previous amendments as Cango continues to adjust its approach to acquiring crypto mining assets. The company has been actively seeking opportunities in the digital asset space, aligning with broader industry trends towards blockchain technology and cryptocurrencies.

The report was signed by Jiayuan Lin, Cango’s Director and Chief Executive Officer. The company has not provided further comments on the implications of the amendment or its future plans regarding cryptocurrency ventures.

This information is based on a press release statement filed with the SEC.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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