Cango Receives Buy Rating, Upbeat on its Asset-light Mining Model and AI Potential

DALLAS, Texas, Dec. 24, 2025 /CNW/ — Greenridge Capital has initiated coverage on Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) with a buy rating and US$4.00 target price, noting that Cango appears to be “mispriced and overlooked by the market given its market leading Bitcoin mining status and asset-light model for entry into the high-performance computing (HPC) market.” According to the Greenridge Capital report, Cango is trading below the value of its assets, which include liquid holdings in cash and over US$600 million in BTC held under a strict HODL strategy, a 50 EH/s globally distributed mining portfolio, and…