Cango Inc. Completes PRC Business Sale, Focuses Global Bitcoin Mining

Cango Inc. (NYSE: CANG), a leading force in Bitcoin mining, has concluded the divestment of its PRC business, securing a $351.94 million cash transaction with Ursalpha Digital Limited. This strategic move, finalized on May 27, 2025, effectively reorients Cango to prioritize global Bitcoin mining growth. The sale provides crucial resources for expansion in key regions such as North America, the Middle East, South America, and East Africa, capitalizing on emerging opportunities in digital finance.