Bitcoin mining company Cango announces stock buyback plan with total size of $30 million

PANews reported on March 14 that according to PRNewswire, Cango, a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a stock repurchase plan to repurchase issued American Depositary Shares (ADS) and Class A common shares in the next 12 months starting from April 25, 2025, with a repurchase scale of US$30 million. According to Cango's previously disclosed operating data, the company's total Bitcoin holdings reached 1,944 as of the end of February.