Cango's Crypto Makeover Gains Momentum With China Exit
1. Cango completed the $352 million sale of its China business. 2. The company is considering relocating headquarters outside Mainland China. 3. Cango is shifting focus to bitcoin mining, bolstered by board changes. 4. Stock rose 6.1% post-announcement, tripling since the crypto pivot. 5. Potential new headquarters in Singapore, Hong Kong, or the U.S.