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The latest update is out from Cango ( (CANG) ).
Cango Inc. reported its unaudited financial results for the third quarter of 2025, highlighting a significant increase in total revenues to $224.6 million, driven primarily by its bitcoin mining operations. The company mined 1,930.8 BTC during the quarter, marking a 37.5% increase in total output compared to the previous quarter. Cango’s strategic transformation into a bitcoin miner has strengthened its position in the industry, with a deployed hashrate of 50 EH/s globally. The company also announced the completion of its ADR program termination and transition to a direct listing on the NYSE, aligning with its strategic focus. Looking forward, Cango aims to build a global, distributed AI compute network powered by green energy, with ongoing energy projects in Oman and Indonesia expected to support its AI infrastructure development.
The most recent analyst rating on (CANG) stock is a Hold with a $1.50 price target. To see the full list of analyst forecasts on Cango stock, see the CANG Stock Forecast page.
Spark’s Take on CANG Stock
According to Spark, TipRanks’ AI Analyst, CANG is a Neutral.
Cango’s overall stock score reflects a mixed financial performance with improved profitability but significant revenue volatility and cash flow challenges. Technical analysis indicates bearish momentum, and valuation metrics are unattractive. The strategic shift to Bitcoin mining shows promise but is offset by financial losses and high operational costs.
To see Spark’s full report on CANG stock, click here.
More about Cango
Cango Inc. is primarily engaged in the bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. Additionally, Cango operates an online international used car export business through AutoCango.com, facilitating access to high-quality vehicle inventory from China.
Average Trading Volume: 566,342
Technical Sentiment Signal: Sell
Current Market Cap: $264.3M
See more data about CANG stock on TipRanks’ Stock Analysis page.