#Shanghai #USA #Bitcoin Mining #Cango Inc. #Apollo Insights

Cango Inc. Registers a Bright Future with Insights from Apollo

Cango Inc. (NYSE: CANG) has captured attention in the financial sphere recently, following a positive report from Apollo Insights, an independent equity research firm. This analysis not only highlights Cango as a major player in the Bitcoin mining sector but also sets a promising outlook for its future growth.

The market has responded positively to Apollo Insights’ initiation of coverage on April 22, 2025, which revealed their investment thesis titled "Cango Catapults Into Bitcoin Mining". This assertion stems from Cango's strategic advancements and the favorable market environment fostering its growth.

Key Highlights from Apollo Insights’ Report

Apollo Insights’ equity research report showcased intriguing metrics related to Cango's financial health and anticipated growth:

• - The current market capitalization stands at approximately $387.1 million.
• - Cango's stock price has experienced a range, with a 12-month low of $1.33 and a high of $8.00.
• - Projected figures for fiscal 2025E indicate revenues of RMB3,913.2 million with an adjusted EBITDA of RMB665.6 million.
• - For the following fiscal year, estimates suggest an upward trajectory with revenues hitting RMB4,644.6 million, reflecting an 18.7% year-over-year increase, and a staggering 78.1% increase in adjusted EBITDA, reaching RMB1,185.2 million.

This optimistic outlook is credited to regulatory conditions leaning favorably under the Trump administration, along with increasing clarity in cryptocurrency regulations, which might benefit businesses involved in crypto assets.

Rapid Expansion in a Thriving Market

Cango’s rapid progression into Bitcoin mining is particularly noteworthy, as it successfully developed low-cost mining operations. This strategic approach minimizes operational risks and maximizes efficiency. In March 2025, Cango's operational efficiency peered through with an impressive average operating hash rate of 30.3 exahash/second (EH/s), ranking them second-highest in the industry for that month.

Adding to its impressive portfolio, Cango has strategically maintained a capital-light approach, enabling it to accumulate a significant cache of 2,475 Bitcoins, valued at around $211 million as of mid-April 2025. Remarkably, the company has opted not to sell any of these holdings thus far. Furthermore, it stands tall as the fifth-largest Bitcoin mining enterprise by deployed hashrate, achieving 32 EH/s in just four months of operations, with projections pointing towards an elevated 42 EH/s by the end of FY25E.

Global Footprint and Strategic Growth

Since its foray into the Bitcoin mining niche in November 2024, Cango Inc. has laid down a significant global footprint characterized by diverse operational territories. Its mining activities extend across strategic regions, comprising the United States (38%), East Africa (37%), Oman (15%), Paraguay (9%), and a minor presence in Canada (1%). This geographical diversification is pivotal in mitigating risks while enhancing operational capabilities.

Continued Commitment to Innovation

Cango's journey reflects its unwavering commitment to leveraging blockchain technology and expanding its crypto assets business. Initiating its crypto endeavors punctuates a significant diversification strategy aimed at capitalizing on the burgeoning demand for cryptocurrencies and blockchain innovations. Moreover, as Cango maintains its automotive transaction service in China since 2010, it aspires to seamlessly facilitate car purchases.

Cango Inc.’s upward trajectory in Bitcoin mining exemplifies an exciting narrative in the rapidly evolving landscape of digital currencies. As it navigates through regulatory shifts and market fluctuations, the insights garnered from firms like Apollo reinforce its prominence and potential for sustained growth in the cryptocurrency realm. For further information, visit Cango Online.