Bitcoin mining company Cango launches a $30 million stock buyback plan

ChainCatcher news, according to PR Newswire, the Bitcoin mining company Cango, listed on the NYSE, announced that its board of directors has approved a stock repurchase plan, intending to repurchase issued American Depositary Shares (ADS) and Class A common stock over the next 12 months starting from April 25, 2025, with a repurchase scale of up to $30 million.

Additionally, according to Cango's previously disclosed operational data, the company's total Bitcoin holdings reached 1,944 coins as of the end of February.