Cango Inc.
Business
Cango Inc. operates a digital and automotive services platform that primarily conducts crypto mining operations and provides automotive transaction services. It offers bitcoin mining through hosted mining machines and mining pool participation, and provides automobile trading solutions, transaction facilitation, car sourcing and after-market services such as insurance facilitation, collateral release intermediation and delinquent asset management, while having ceased entering into new automotive financing facilitation contracts. The company’s business is organized into two principal segments: crypto mining and automotive business. Its mining operations are deployed across North America, Africa and Asia, while automotive services are delivered in China via the Cango U-car app, AutoCango.com, dealer networks and partnerships with financial institutions.
Summary from filing dated 2025-03-27
Financials
Latest annual snapshot (FY2025, period end 2025-12-31). Full statement history unavailable for this entity.
| Revenue | $688.08M |
| Net income | $-621.95M |
| Total assets | $1.13B |
| Total liabilities | $735.94M |
| Stockholders' equity | $397.04M |
| Operating cash flow | $-109.83M |