Cango ADRs Rise 13% as It Continues to Boost Bitcoin Production

Dow Jones

Jan 03, 2025

By Connor Hart

Cango's American depositary receipts were higher after the Chinese automotive platform said it accelerated its bitcoin production in December.

The ADRs gained 13%, to $4.98, on Thursday afternoon. They ended 2024 having more than quintupled, up 401%.

The company produced 569.9 bitcoin in December, compared with 363.9 a month earlier. It didn't sell any bitcoin during the month, bringing its number held to 933.8.

Bitcoin has experienced a surge following the U.S. election, boosted by anticipation of a more amenable regulatory environment under the administration of President-elect Donald Trump and the election of crypto-friendly lawmakers to Congress.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

January 02, 2025 14:04 ET (19:04 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2500903482"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2500903482\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2500903482?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-01-03 03:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2500903482","market":"hk","top_or_hot":-1,"title":"Cango ADRs Rise 13% as It Continues to Boost Bitcoin Production","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Cango's American depositary receipts were higher after the Chinese automotive platform said it accelerated its bitcoin production in December. \n</p>\n<p>\n  The ADRs gained 13%, to $4.98, on Thursday afternoon. They ended 2024 having more than quintupled, up 401%. \n</p>\n<p>\n  The company produced 569.9 bitcoin in December, compared with 363.9 a month earlier. It didn't sell any bitcoin during the month, bringing its number held to 933.8. \n</p>\n<p>\n  Bitcoin has experienced a surge following the U.S. election, boosted by anticipation of a more amenable regulatory environment under the administration of President-elect Donald Trump and the election of crypto-friendly lawmakers to Congress. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 02, 2025 14:04 ET (19:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cango ADRs Rise 13% as It Continues to Boost Bitcoin Production</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCango ADRs Rise 13% as It Continues to Boost Bitcoin Production\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-03 03:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre>\n \n</pre>\n<p>\n  Cango's American depositary receipts were higher after the Chinese automotive platform said it accelerated its bitcoin production in December. \n</p>\n<p>\n  The ADRs gained 13%, to $4.98, on Thursday afternoon. They ended 2024 having more than quintupled, up 401%. \n</p>\n<p>\n  The company produced 569.9 bitcoin in December, compared with 363.9 a month earlier. It didn't sell any bitcoin during the month, bringing its number held to 933.8. \n</p>\n<p>\n  Bitcoin has experienced a surge following the U.S. election, boosted by anticipation of a more amenable regulatory environment under the administration of President-elect Donald Trump and the election of crypto-friendly lawmakers to Congress. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 02, 2025 14:04 ET (19:04 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4122","symbol_name":"互联网与直销零售","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2500903482","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500903482","pubTimestamp":1735844640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Cango's American depositary receipts were higher after the Chinese automotive platform said it accelerated its bitcoin production in December.The ADRs gained 13%, to $4.98, on Thursday afternoon. They ended 2024 having more than quintupled, up 401%.The company produced 569.9 bitcoin in December, compared with 363.9 a month earlier. It didn't sell any bitcoin during the month, bringing its number held to 933.8.Bitcoin has experienced a surge following the U.S. election, boosted by anticipation of a more amenable regulatory environment under the administration of President-elect Donald Trump and the election of crypto-friendly lawmakers to Congress.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4122":"互联网与直销零售","09042":"华夏比特币-U","CANG":"灿谷","09008":"博时比特币-U","09439":"嘉实比特币-U","03008":"博时比特币","BK4214":"汽车零售","03042":"华夏比特币","03439":"嘉实比特币"},"translate_title":"Cango ADR上涨13%，继续提高比特币产量","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09439":1,"09042":1,"09008":1,"03042":1,"03008":1,"03439":1,"CANG":0.9},"content_text":"By Connor Hart \n\n\n \n\n\n  Cango's American depositary receipts were higher after the Chinese automotive platform said it accelerated its bitcoin production in December. \n\n\n  The ADRs gained 13%, to $4.98, on Thursday afternoon. They ended 2024 having more than quintupled, up 401%. \n\n\n  The company produced 569.9 bitcoin in December, compared with 363.9 a month earlier. It didn't sell any bitcoin during the month, bringing its number held to 933.8. \n\n\n  Bitcoin has experienced a surge following the U.S. election, boosted by anticipation of a more amenable regulatory environment under the administration of President-elect Donald Trump and the election of crypto-friendly lawmakers to Congress. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 02, 2025 14:04 ET (19:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}