According to a report by PR Newswire, Cango, a Bitcoin mining company listed on the New York Stock Exchange, has announced that its board of directors has approved a stock repurchase program. The company plans to repurchase its issued American Depositary Shares (ADS) and Class A ordinary shares within the next 12 months starting from April 25, 2025, with a total repurchase amount of up to $30 million.

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