Bitcoin mining company Cango announces the launch of a stock buyback program, with a total size of $30 million

According to PRNewswire, Cango, a Bitcoin mining company listed on the New York Stock Exchange, announced that its board of directors has approved a stock buyback plan to repurchase its issued American Depositary Shares (ADS) and Class A common shares within the next 12 months starting from April 25, 2025, with a buyback scale of up to $30 million. According to Cango's previously disclosed operational data, the company's total Bitcoin holdings as of the end of February reached 1944.