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Cango ( (CANG) ) has issued an update.
On December 29, 2025, Cango Inc. announced that Enduring Wealth Capital Limited (EWCL), already the sole holder of its Class B ordinary shares and a key voting shareholder, has agreed to subscribe in cash for 7 million additional Class B shares at US$1.50 per share, for total proceeds of US$10.5 million. If completed as expected in January 2026 following customary approvals, including from the New York Stock Exchange, the deal will modestly increase EWCL’s economic stake from about 2.81% to 4.69% of Cango’s outstanding shares but significantly boost its voting power from roughly 36.68% to 49.61%, further concentrating control and potentially shaping the company’s strategic direction in Bitcoin mining, integrated energy and AI compute infrastructure, and its remaining online used-car export operations.
The most recent analyst rating on (CANG) stock is a Buy with a $4.00 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 concerns. Technical analysis indicates bearish momentum, and valuation metrics are unattractive. The earnings call provides a positive outlook with strong revenue growth, but challenges in the Bitcoin mining sector pose risks.
To see Spark’s full report on CANG stock, click here.
More about Cango
Cango Inc. (NYSE: CANG) is a Bitcoin mining company aiming to build an integrated global infrastructure platform to power the digital economy, with mining operations across more than 40 sites in North America, the Middle East, South America and East Africa. Since entering the digital asset space in November 2024, it has launched pilot projects in integrated energy solutions and distributed AI computing, while also continuing to run an online international used car export business through AutoCango.com.
Average Trading Volume: 669,782
Technical Sentiment Signal: Sell
Current Market Cap: $494.8M
See more insights into CANG stock on TipRanks’ Stock Analysis page.