• bitcoinBitcoin (BTC) $ 113,686.00
  • ethereumEthereum (ETH) $ 4,221.10
  • xrpXRP (XRP) $ 2.89
  • tetherTether (USDT) $ 0.999939
  • bnbBNB (BNB) $ 830.55
  • solanaSolana (SOL) $ 181.42
  • usd-coinUSDC (USDC) $ 0.999818
  • staked-etherLido Staked Ether (STETH) $ 4,212.06
  • tronTRON (TRX) $ 0.350260
  • dogecoinDogecoin (DOGE) $ 0.214348
  • cardanoCardano (ADA) $ 0.852724
  • chainlinkChainlink (LINK) $ 25.00
  • wrapped-stethWrapped stETH (WSTETH) $ 5,120.76
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 113,836.00
  • hyperliquidHyperliquid (HYPE) $ 42.06
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,548.94
  • stellarStellar (XLM) $ 0.398411
  • suiSui (SUI) $ 3.49
  • wrapped-eethWrapped eETH (WEETH) $ 4,528.50
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitcoin-cashBitcoin Cash (BCH) $ 551.58
  • hedera-hashgraphHedera (HBAR) $ 0.234067
  • avalanche-2Avalanche (AVAX) $ 22.96
  • wethWETH (WETH) $ 4,222.89
  • leo-tokenLEO Token (LEO) $ 9.62
  • litecoinLitecoin (LTC) $ 114.70
  • the-open-networkToncoin (TON) $ 3.28
  • usdsUSDS (USDS) $ 1.00
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999686
  • whitebitWhiteBIT Coin (WBT) $ 43.31
  • uniswapUniswap (UNI) $ 10.28
  • polkadotPolkadot (DOT) $ 3.81
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 113,883.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.49
  • moneroMonero (XMR) $ 269.04
  • crypto-com-chainCronos (CRO) $ 0.143206
  • mantleMantle (MNT) $ 1.37
  • aaveAave (AAVE) $ 289.12
  • pepePepe (PEPE) $ 0.000010
  • ethenaEthena (ENA) $ 0.646091
  • daiDai (DAI) $ 1.00
  • bittensorBittensor (TAO) $ 349.37
  • ethereum-classicEthereum Classic (ETC) $ 20.95
  • nearNEAR Protocol (NEAR) $ 2.47
  • aptosAptos (APT) $ 4.37
  • ondo-financeOndo (ONDO) $ 0.932127
  • okbOKB (OKB) $ 132.95
  • internet-computerInternet Computer (ICP) $ 5.14
  • pi-networkPi Network (PI) $ 0.350567
  • jito-staked-solJito Staked SOL (JITOSOL) $ 222.45
  • arbitrumArbitrum (ARB) $ 0.490311
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,219.54
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.085470
  • usd1-wlfiUSD1 (USD1) $ 0.999730
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.239574
  • algorandAlgorand (ALGO) $ 0.243720
  • gatechain-tokenGate (GT) $ 17.07
  • cosmosCosmos Hub (ATOM) $ 4.37
  • vechainVeChain (VET) $ 0.023253
  • fasttokenFasttoken (FTN) $ 4.54
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,806.86
  • binance-staked-solBinance Staked SOL (BNSOL) $ 194.26
  • susdssUSDS (SUSDS) $ 1.06
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030084
  • render-tokenRender (RENDER) $ 3.62
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.16
  • sei-networkSei (SEI) $ 0.301603
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,430.33
  • worldcoin-wldWorldcoin (WLD) $ 0.938022
  • official-trumpOfficial Trump (TRUMP) $ 8.78
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.673536
  • story-2Story (IP) $ 5.63
  • bfusdBFUSD (BFUSD) $ 0.999254
  • flare-networksFlare (FLR) $ 0.023380
  • bonkBonk (BONK) $ 0.000022
  • usdt0USDT0 (USDT0) $ 1.00
  • filecoinFilecoin (FIL) $ 2.40
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,442.21
  • kucoin-sharesKuCoin (KCS) $ 12.31
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 113,770.00
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,559.04
  • jupiter-exchange-solanaJupiter (JUP) $ 0.489047
  • skySky (SKY) $ 0.069466
  • xdce-crowd-saleXDC Network (XDC) $ 0.082281
  • usdtbUSDtb (USDTB) $ 0.999942
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999729
  • falcon-financeFalcon USD (USDF) $ 0.999327
  • injective-protocolInjective (INJ) $ 13.57
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 42.18
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,524.94
  • celestiaCelestia (TIA) $ 1.69
  • spx6900SPX6900 (SPX) $ 1.35
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,455.75
  • nexoNEXO (NEXO) $ 1.26
  • tether-goldTether Gold (XAUT) $ 3,331.13
  • optimismOptimism (OP) $ 0.710419
  • hash-2Provenance Blockchain (HASH) $ 0.025723
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997978
  • lido-daoLido DAO (LDO) $ 1.35
  • paypal-usdPayPal USD (PYUSD) $ 0.999818
  • blockstackStacks (STX) $ 0.665008
  • curve-dao-tokenCurve DAO (CRV) $ 0.855612
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 113,337.00
  • aerodrome-financeAerodrome Finance (AERO) $ 1.34
  • wbnbWrapped BNB (WBNB) $ 829.34
  • pump-funPump.fun (PUMP) $ 0.003041
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 205.33
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999815
  • immutable-xImmutable (IMX) $ 0.546070
  • sonic-3Sonic (S) $ 0.312731
  • saros-financeSaros (SAROS) $ 0.377600
  • flokiFLOKI (FLOKI) $ 0.000101
  • the-graphThe Graph (GRT) $ 0.090218
  • super-oethSuper OETH (SUPEROETH) $ 4,215.67
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 113,847.00
  • pax-goldPAX Gold (PAXG) $ 3,318.53
  • clbtcclBTC (CLBTC) $ 115,412.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.59
  • conflux-tokenConflux (CFX) $ 0.172869
  • fartcoinFartcoin (FARTCOIN) $ 0.883738
  • pendlePendle (PENDLE) $ 5.23
  • raydiumRaydium (RAY) $ 3.22
  • kaiaKaia (KAIA) $ 0.145323
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,222.23
  • dogwifcoindogwifhat (WIF) $ 0.843640
  • tezosTezos (XTZ) $ 0.798613
  • msolMarinade Staked SOL (MSOL) $ 239.25
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.78
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,075.91
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.20
  • theta-tokenTheta Network (THETA) $ 0.779965
  • vaultaVaulta (A) $ 0.491884
  • iotaIOTA (IOTA) $ 0.195739
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,215.55
  • jasmycoinJasmyCoin (JASMY) $ 0.015418
  • galaGALA (GALA) $ 0.016156
  • newton-projectAB (AB) $ 0.009605
  • memecoreMemeCore (M) $ 0.419454
  • ousgOUSG (OUSG) $ 112.24
  • morphoMorpho (MORPHO) $ 2.11
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.995602
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • the-sandboxThe Sandbox (SAND) $ 0.276647
  • tbtctBTC (TBTC) $ 113,530.00
  • pyth-networkPyth Network (PYTH) $ 0.116747
  • ripple-usdRipple USD (RLUSD) $ 0.999968
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,222.49
  • stader-ethxStader ETHx (ETHX) $ 4,509.00
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,528.37
  • zcashZcash (ZEC) $ 37.89
  • walrus-2Walrus (WAL) $ 0.437580
  • jito-governance-tokenJito (JTO) $ 1.68
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,648.05
  • vision-3Vision (VSN) $ 0.185649
  • flowFlow (FLOW) $ 0.371841
  • build-onBUILDon (B) $ 0.573529
  • usual-usdUsual USD (USD0) $ 0.998409
  • swethSwell Ethereum (SWETH) $ 4,630.14
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 113,890.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.214459
  • global-dollarGlobal Dollar (USDG) $ 0.999525
  • decentralandDecentraland (MANA) $ 0.278417
  • bitcoin-svBitcoin SV (BSV) $ 26.26
  • beldexBeldex (BDX) $ 0.071954
  • starknetStarknet (STRK) $ 0.133427
  • ether-fiEther.fi (ETHFI) $ 1.09
  • dydx-chaindYdX (DYDX) $ 0.653558
  • heliumHelium (HNT) $ 2.68
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 112,779.00
  • based-brettBrett (BRETT) $ 0.050172
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008333
  • true-usdTrueUSD (TUSD) $ 0.998160
  • keetaKeeta (KTA) $ 1.20
  • frax-etherFrax Ether (FRXETH) $ 4,196.41
  • coredaoorgCore (CORE) $ 0.474866
  • apecoinApeCoin (APE) $ 0.595499
  • usddUSDD (USDD) $ 0.999492
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,231.41
  • telcoinTelcoin (TEL) $ 0.005024
  • tripTrip (TRIP) $ 15.88
  • syrupMaple Finance (SYRUP) $ 0.412802
  • apenftAPENFT (NFT) $ 0.00000046
  • thorchainTHORChain (RUNE) $ 1.30
  • zksyncZKsync (ZK) $ 0.062366
  • arweaveArweave (AR) $ 6.88
  • instadappFluid (FLUID) $ 6.75
  • sun-tokenSun Token (SUN) $ 0.023197
  • savings-daiSavings Dai (SDAI) $ 1.16
  • compound-governance-tokenCompound (COMP) $ 46.21
  • chain-2Onyxcoin (XCN) $ 0.012473
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999895
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.79
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.32
  • neoNEO (NEO) $ 6.01

Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth 

0 60

Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth 

Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining.

Cango Sheds PRC Operations to Fuel Mining Ambitions

Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon closing, with the remaining $141.3 million contingent on Cango fulfilling tax obligations and reducing credit risk exposure linked to sold entities. The transaction, approved by Cango’s board and a special committee, responds to a March 14 proposal from Enduring Wealth Capital Limited (EWCL) to acquire control of the company and divest its PRC business.

Closing conditions require shareholder approval and completion of an internal restructuring to separate Cango’s China operations—including automotive trading—from its international bitcoin mining and automotive businesses. If finalized, Cango will petition the China Securities Regulatory Commission (CSRC) to terminate its “China Concept Stock” status, subject to a reversal clause if the status remains unchanged within three months or if EWCL’s proposed secondary acquisition of 10 million Class B shares from co-founders fails.

On paper, Cango’s financial health remains strong, with a $415 million market cap, a current ratio of 1.88, and gross profit margins of 55%. Its stock has surged 195% over the past year, trading at a P/E ratio of 11.89. The company also renegotiated terms with Golden Techgen Limited for its bitcoin mining machine acquisition, initially settled via share issuance, to avoid defaults post-divestiture.

Recent developments include a 12% monthly increase in bitcoin production to 530.1 coins in March 2025, a deadline extension for closing its mining assets acquisition, and inclusion in the Bitwise Bitcoin Standard Corporations ETF. A $30 million share buyback program further shows efforts to boost shareholder value. The deal highlights Cango’s strategic pivot from its legacy automotive operations to capitalize on cryptocurrency demand.

Source

Leave A Reply

Your email address will not be published.