Cango announces third amendment to share-settled crypto mining assets acquisitions

Cango ( NYSE: CANG ) announced a third amendment to its November 2024 agreement to acquire crypto mining machines with a total hashrate of 18 EH/s, settling the deal through Class A share issuance. The third amendment implemented certain changes necessitated by the company's sale of its PRC business, which was consummated on May 27, 2025. Under the third amendment, the company must issue adjustment shares if proceeds from the PRC business disposal drop by approximately $7.0 million (RMB 50 million) or more. More on Cango Cango Inc. (CANG) Q1 2025 Earnings Call Transcript Cango: A Rebound May Not Be So Far Away Cango Inc. (CANG) Q4 2024 Earnings Call Transcript Cango co-founders to sell 10M class B shares Cango to sell PRC business for $351.9M