Cango Inc. Announces Fourth Amendment to Crypto Mining Assets Acquisition Agreement

Reuters

2025/06/23

Cango Inc. Announces Fourth Amendment to Crypto Mining Assets Acquisition Agreement

Cango Inc. has announced a fourth amendment to its On-Rack Sales and Purchase Agreement for the acquisition of cryptomining machines with a total hashrate of 18 Exahash per second. The amendment, which modifies the distribution of hashrate among sellers Golden TechGen Limited, Fortune Peak Limited, and Silver Crest Limited, also adjusts the allocation of Class A ordinary shares and potential bonus shares to these sellers. The closing of this share-settled transaction is contingent upon certain conditions being met, and there is no guarantee that these will be satisfied by the expected closing date. Upon closure, Golden TechGen Limited is anticipated to hold approximately 19.85% of Cango's total outstanding shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN14834) on June 23, 2025, and is solely responsible for the information contained therein.

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Announces Fourth Amendment to Crypto Mining Assets Acquisition Agreement\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-23 18:00</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cango Inc. 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