Market VolatilityCango's equity remains susceptible to sharp repricing due to multijurisdictional power prices, potential mining bans, custody or cyber breach losses, and U.S. listing fragility.
Operational ConstraintsCango's operating efficiency was somewhat hamstrung by heat-related curtailment, with plans to improve efficiency by acquiring more efficient miners.
Regulatory RisksCango's equity remains susceptible to sharp repricing due to regulatory, operating, and listing risks, posing potential challenges to its stock stability.