CANGO Inc. Strengthen the board of directors to complete the PRC business sales and to focus on global Bitcoin.
Shanghai,,, May 29, 2025 / CNW/ -canco Inc. (NYSE: CANG) (“CANGO” or “Company”) Bitcoin Mining has completed the sale of all businesses in the Ursalpha Digital Limited and the Strategic Trade, a strategic transaction that is estimated to be about $ 339.4 million. Finished sales May 27, 2025In accelerating the world’s leadership, we decisively relocate CANGO to focus on all financial and operating ability. Bitcoin Mining industry.
This pivotal movement unlocks important resources and promotes the rapid expansion of CANGO. Bitcoin Mining across major strategic areas North America,, Middle East,,, South Americaand East AfricaUse new opportunities in the digital finance sector.
This transaction also represents the innovative stage of CANGO. Bitcoin mining. The company is now simplified and better capitalized to actively pursue growth goals and improve shareholder value.
As part of this strategic fiscal, the company appointed two new members and further reconstructed the board of directors. May 27, 2025CANGO’S by providing deep expertise for Fintech, AI, Web 3.0 and Global Capital Markets Bitcoin-The future focused. In the future, this enhanced board configuration strengthens CANGO’s dedication to innovation and strengthens the position of leadership in a digital financial environment that evolves rapidly.
Initial contracts for sales of the PRC business have been announced. April 3, 2025We have obtained shareholder approval May 16, 2025. According to the sale, the company will end the state of “Chinese concept shares” to the China Securities Regulatory Commission (“CSRC”).
CANGO Inc. information
CANGO Inc. (NYSE: CANG) is mainly Bitcoin Mining business with strategically deployed operation North America,, Middle East,,, South Americaand East Africa. The company entered Encryption Asset space November 2024Due to the development of blockchain technology, the increase of the adoption of digital assets, and the promise of business portfolio diversification. At the same time, CANGO continues to operate the online used car export business through AutoCango.com so that global customers can easily access high -quality vehicles inventory. china. For more information, visit www.cangoonline.com.
Media contact
Juliet you
CANGO Inc.
Phone: +86 21 3183 5088 EXT.5581
Email: IR@cangoonline.com
To download the original content and download multimedia: https: //www.prnewswire.com/news-leasees/canco-inc-completes-business-business-business-Sale-sale-trench-board-
Source CANGO Inc.
Special Image: Sediment @ GREJAK
disclaimer