Apollo Insights Initiates Coverage of Cango Inc.

Company Overview - Cango Inc. (NYSE:CANG) primarily operates a leading Bitcoin mining business and has expanded into the crypto assets market since November 2024 [2] - The company has deployed its mining operations across strategic locations including North America, Middle East, South America, and East Africa [2] - Cango has continued to operate its automotive transaction service in China since 2010, aiming to simplify car purchases [2] Market Analysis - The expansion into the crypto assets market is driven by advancements in blockchain technology and the increasing prevalence of crypto assets [2] - Cango's move into Bitcoin mining represents a diversification strategy for the company [2] Research Firm Overview - Apollo Insights specializes in providing comprehensive equity research for micro- and small-cap companies, bridging the information gap between these companies and potential investors [3] - The firm delivers investor-grade reports that combine deep business analysis with rigorous financial models [3]