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Apollo Insights Initiates Coverage of Cango Inc.

1. Apollo Insights initiated coverage of Cango Inc. (CANG) on April 22, 2025. 2. Cango operates a leading Bitcoin mining business across multiple regions worldwide. 3. The company expanded into crypto assets in November 2024, diversifying its business. 4. Cango also continues its automotive transaction service in China since 2010. 5. Apollo Insights aims to enhance market narratives for micro-cap companies like CANG.

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FAQ

Why Bullish?

Cango's expansion into bitcoin mining aligns with market trends favoring crypto investments. Previous examples show favorable stock price movements for companies diversifying into high-growth sectors like blockchain.

How important is it?

Coverage from Apollo Insights may enhance investor interest and public awareness of CANG. The company's diversified approach in a booming sector is appealing to potential investors.

Why Long Term?

As the crypto market grows, sustained operations may lead to consistent revenue increases. Companies committed to innovation in blockchain generally see long-term benefits, akin to past tech sector trends.

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BTCRIOTMARA
NEW YORK, April 22, 2025 (GLOBE NEWSWIRE) -- Apollo Insights, an independent equity research firm, has initiated coverage of Cango Inc. (NYSE: CANG) highlighting Cango's move into bitcoin mining, market analysis and prospects. Click Here to view Apollo Insights' full equity research report and investment thesis on Cango. About CangoCango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com. About Apollo InsightsApollo Insights specializes in delivering comprehensive, unbiased equity research for micro- and small-cap companies that often lack adequate market exposure, bridging the information gap between these companies and potential investors through our company-sponsored research. Our equity coverage includes investor-grade reports that combine deep business analysis with rigorous financial models to help educate investors, strengthen market narratives and foster long-term shareholder engagement. For more Information please contact:Apollo InsightsBrandi Larseninformation@apolloinsightsco.comwww.apolloinsightsco.comSOURCE: Apollo Insights

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