Cango Inc. (CANG) Bundle
Greenridge Capital Initiates Coverage on Cango Inc. (CANG) With Buy Rating
Greenridge Capital initiated coverage on Cango Inc. (NYSE: CANG) on Dec 22, 2025, with a Buy rating and a price target of $4.00 USD. The firm noted the company is currently undervalued relative to its scale in Bitcoin mining and its transition into high-performance computing.
Analysts highlighted that Cango Inc. maintains a market-leading position in the mining sector through its ownership of equipment and a Bitcoin treasury. This treasury is valued at more than $600 million USD. The company has also acquired its first infrastructure facility and launched two energy generation projects.
The valuation is based on financial projections for the 2026 fiscal year, including:
- An adjusted EBITDA estimate of $335.4 million USD
- A projected diluted earnings per share of $0.34 USD
- Applied multiples of 7x EV-to-adjusted EBITDA and 15x price-to-earnings
The target multiples applied by Greenridge Capital remain below current industry peer averages. The firm expects management to provide additional details regarding strategic expansion initiatives in the coming months, which could serve as a catalyst for a valuation re-rating.
For more information on the company, see the CANG-history-mission-ownership and the CANG-mission-vision. Investors can also review the CANG-financial-health and the CANG-investor-profile.
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