Fintech PR
Cango Inc. Presents Key Highlights of Its Filed Annual Report

SHANGHAI, March 27, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG), a rapidly expanding leader in Bitcoin mining, today announced key highlights from its filed annual report, marked by a successful pivot towards cryptocurrency mining and significant operational milestones, including securing its position as the third-largest publicly traded miner globally and a 400% year-over-year revenue increase.
Fourth Quarter & Full Year 2024 Financial Performance
The Company achieved total revenues of RMB668.0 million (US$91.5 million) in Q4 2024, reflecting a 400% year-over-year increase. This growth was primarily driven by the launch of its Bitcoin mining business, which generated RMB653.0 million (US$89.5 million) in revenues. Net income for the quarter was RMB55.9 million (US$7.7 million), a notable turnaround from a net loss of RMB103.8 million in Q4 2023. Cango maintained strong liquidity with cash, cash equivalents, and short-term investments totaling RMB2.5 billion (US$345.3 million) as of December 31, 2024.
For the full year, Cango reported total revenues of RMB804.5 million (US$110.2 million), with net income reaching RMB299.8 million (US$41.1 million), a significant turnaround from a net loss of RMB37.9 million in 2023. The results reflect the successful integration of Bitcoin mining operations alongside ongoing optimization of its legacy automotive services.
Bitcoin Mining Operational Highlights
Cango deployed 32 exahashes per second (EH/s) of Bitcoin mining capacity in Q4 2024, securing its position as the third-largest publicly traded miner globally. During the quarter, the Company mined 933.8 Bitcoin, achieving an industry-leading efficiency of 17.81 BTC per EH/s. Operational costs were optimized, with an average fleet efficiency of 21.6 joules per terahash (J/TH) and a cash cost of US$67,769.9 per Bitcoin (excluding depreciation). As of December 31, 2024, Cango held a total of 933.8 Bitcoin, aligning with its long-term accumulation strategy.
Cango’s mining operations span five countries, including the United States (38% of total hashrate), East Africa (37%), Oman, Paraguay, and Canada. Approximately 90% of its fleet comprises water-cooled Bitmain S19XP Hyd. machines, ensuring competitive energy efficiency and operational stability.
Looking ahead, the Company plans to expand its hashrate to 50 EH/s by the end of July 2025 through the completion of its second-phase asset acquisition. Cango aims to further reduce energy costs by leveraging favorable regulatory developments in traditional energy markets and exploring partnerships for sustainable power solutions. Additionally, Cango is committed to enhancing its presence in the digital asset ecosystem while maintaining a disciplined approach to managing its Bitcoin holdings.
Media Contact
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
View original content:https://www.prnewswire.co.uk/news-releases/cango-inc-presents-key-highlights-of-its-filed-annual-report-302413107.html
Fintech PR
The 2025 Industrial Technology Innovation and Investment Promotion Conference held in Nanjing

NANJING, China, April 3, 2025 /PRNewswire/ — On March 26, 2025, the 2025 Industrial Technology Innovation and Investment Promotion Conference was held in Nanjing, Jiangsu Province.
The event extended a warm invitation to global entrepreneurs, investors, and innovators, urging domestic and international stakeholders to “Choose Nanjing, Grow with Nanjing” under the theme “Innovate for Excellence, Invest in the Future.”
Approximately 800 attendees participated, including representatives from globally renowned enterprises, universities, innovation platforms, foreign embassies, and international organizations.

The conference comprehensively showcased Nanjing’s industrial investment environment, case studies of technological and industrial innovation, and achievements in technology and innovation financial reform.
A series of new initiatives to advance technological innovation and investment were announced. During the event, 102 major projects were signed, with a total planned investment exceeding 130 billion yuan (RMB; approximately $18 billion USD).
Several innovation platforms were inaugurated, including Jiangsu Provincial Concept Validation Center, Nanjing Academy for Scientific and Technological Achievements Transformation, and Nanjing (Jiangbei New Area) Disruptive Technology Innovation Center.
These initiatives underscored Nanjing’s commitment to fostering cutting-edge and transformative technologies.
Additionally, four industrial task forces—dedicated to AI (software), robotics, biopharmaceuticals, and next-gen ICT—were established, alongside the Nanjing Industrial Investment Promotion Center, highlighting the city’s resolve to concentrate resources on developing new-quality productive forces (innovative, high-end, and sustainable productivity).
Industry leaders and academic experts actively proposed strategies and shared insights to empower Nanjing’s innovation-driven growth.
Keynote speakers included Dr. Xiangyang Shen, Chairman of the Council of the Hong Kong University of Science and Technology; Hermann Simon, renowned as the “Father of Hidden Champions”; Dr. Nicolas Peter, Senior Vice President of BMW Group; Wu Wensheng, Chairman of Great Wall Strategy Consultants; Liu Suhua, President of Shenzhen Capital Group; and Liu Shuang, Chairman of Nanjing TetraBOT Electronic Technology.
Outside the venue, 52 high-tech exhibits from Nanjing’s eight pillar industries were prominently displayed, featuring “world-first innovations” “domestic substitution achievements,” and products leading in global market share.
The signed projects primarily focus on leading industries and high-quality initiatives with strong demonstration effects.
Moving forward, Nanjing will leverage the global resource connection platform established through this conference to continuously deepen collaboration with cutting-edge technologies and industries, accelerate the construction of an open innovation ecosystem, transform more scientific achievements into new-quality productive forces, and build itself into a globally influential primary hub and carrier zone for industrial technology innovation.
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View original content:https://www.prnewswire.co.uk/news-releases/the-2025-industrial-technology-innovation-and-investment-promotion-conference-held-in-nanjing-302419660.html
Fintech PR
Athletics legend Eamonn Coghlan joins Consello’s Senior Advisors team in Ireland

DUBLIN, April 3, 2025 /PRNewswire/ — Consello, the leading global advisory and investing platform, is proud today to announce Irish track legend Eamonn Coghlan has joined its team of Senior Advisors.
Coghlan will work with Consello’s Leadership Development, Talent and Business Transformation team, which supports leading organisations in Ireland and internationally with designing and implementing comprehensive strategies that attract, build, and sustain high performing teams.
He is widely recognized as one of Ireland’s greatest sporting heroes and one of the world’s most dominant middle-distance runners of his era. Known as the ‘Chairman of the Boards’ for his unrivalled success on the American indoor circuit, he won an astounding 56 consecutive races and claimed a record seven Wanamaker Mile titles at Madison Square Garden. His three indoor mile world records stood as a testament to his enduring excellence, with one of them remaining unbeaten for 18 years. In 1983, he became the first man to run the mile in under 3 minutes and 50 seconds, setting a record time of 3:49.78.
That same year, Coghlan solidified his place in Irish sporting history by becoming Ireland’s first World Athletics Champion, winning the gold medal in the 5,000m at the World Championships in Helsinki. His legendary career was crowned by one of the most remarkable feats in track and field history in 1994 when, at the age of 41, he became the first and only athlete over 40 to run a sub-four-minute mile, clocking 3:58.17 in Boston.
Beyond athletics, Coghlan has demonstrated a deep commitment to public service and youth development. A former Fine Gael Senator, his passion for youth fitness manifested through the ‘Points for Life’ initiative, emphasizing the importance of physical education in schools.
Commenting on his appointment, Consello founder, CEO and Chairman Delcan Kelly said that Eamonn Coghlan will bring unparalleled experience in high performance, leadership and mindset to this Consello offering. “I grew up watching and being inspired by Eamonn Coghlan’s success on the track. I’ve had the good fortune to get to know him later in life and he’s been as inspirational in person as he was watching from a distance. His ability to inspire peak performance and drive success aligns perfectly with our mission to help the best in the world be even better. I’ve also seen what he does at a voluntary level and he’s just an exceptional human being who has a motivational impact on all around him. He will add another layer of experience and insight to a team already laden with world-class talent,” he said.
Commenting on his role with Consello, Eamonn Coghlan said, “I know Declan for many years and count him not alone a close friend but have also had the opportunity to work with him previously. What he has built with Consello, however, is at another level in terms of the people he has brought on board and what it is doing for the organisations it works with. Throughout my career, I have always strived for excellence, and I see the same dedication to success at Consello. I look forward to bringing my experience in high performance, mindset, and strategy to the team.”
Coghlan joins a team that includes advisors Gary Neville, former Manchester United and England captain; Ronan O’Gara, Ireland and Munster rugby legend and La Rochelle coach; and Paul McGinley, former Irish champion golfer and Ryder Cup captain. The Ireland-based Leadership Development, Talent and Business Transformation team is led by former Tipperary senior hurling manager Liam Sheedy and Jane Mitchell.
Consello’s business in Ireland offers a full suite of advisory services that complement its advisory business around the world, including:
- C-Suite Advisory
- Management Consulting and Business Development
- Communications and Public Affairs
- Leadership Development, Talent and Business Transformation
- Consello Strive – Sports and Entertainment Advisory
- Consello Experience – Creative Services
Consello was founded by Declan Kelly almost three years ago and has offices in New York, Miami, Atlanta, London, Barcelona and Dublin. US Partners of the firm include seven-time Super Bowl champion Tom Brady; 23-time Grand Slam winner Serena Williams and six-time NBA All-Star Pau Gasol; and business leaders such as Wendy Clark, former Global CEO of Dentsu; Mindy Grossman, former CEO of WW International and Janey Whiteside, former Chief Customer Officer of Walmart.
About Consello
Consello is an Advisory and Investing Platform.
Consello’s six distinct advisory practices provide the complete strategic counsel today’s leaders need to grow and transform their organizations. Consello’s advisory expertise spans Corporate Advisory; M&A; Growth; Marketing; Technology; and Sports, Entertainment and Leadership Development. Dedicated teams operate in each practice, led by a leadership group with deep operational experience across industries, business growth stages and market cycles and with an expansive set of global corporate relationships.
Consello’s investment business, Consello Capital, identifies high-potential mid-market companies and invests capital and expertise to transform their growth.
Consello Media Inquiries

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View original content:https://www.prnewswire.co.uk/news-releases/athletics-legend-eamonn-coghlan-joins-consellos-senior-advisors-team-in-ireland-302419417.html
Fintech PR
CoinEx Joins Paris Blockchain Week 2025 Strengthening Its Presence in Europe

HONG KONG, April 3, 2025 /PRNewswire/ — CoinEx, a global cryptocurrency exchange, is set to participate in Paris Blockchain Week (PBW) 2025, taking place from April 8 to April 10 in Paris, France. As one of the largest and most influential blockchain events in Europe, PBW attracts Web3 professionals, media, and crypto enthusiasts from across the region. This marks CoinEx’s third consecutive appearance at the event, and this year, the exchange will be joining as a sponsor, further amplifying its brand presence and expanding its local network.
At PBW 2025, CoinEx will host engaging activities, including an interactive quiz and lucky draws, offering attendees the chance to win exclusive CoinEx merchandise. These activities aim to foster community engagement while showcasing the exchange’s commitment to user-centric innovation and accessibility.
As a trading expert, since CoinEx inception in 2017, CoinEx has been dedicated to making crypto trading more accessible to users across the globe. Supporting 18+ languages and serving users in 200+ countries and regions, fostering a thriving community of crypto enthusiasts. With a team of experts from top financial and tech enterprises, CoinEx continuously pushes the boundaries of blockchain innovation to shape the future of Web3. Focusing the efforts on iterating and innovating across multiple product lines and bringing the best product experience to our users. Last year was a year of innovation:
- Product Innovations: Launched Swap, CoinEx Staking, CoinEx Mining, PreToken Trading and Copy Trading meet the diverse trading needs.
- Enhancement: Upgrades security systems, VIP-tier framework, and CET utility systems to create a superior trading environment.
- Education and Empowerment: Introduced CoinEx Insight and CoinEx Academy, offering investment insights.
CoinEx’s participation in PBW 2025 underscores its dedication to the European and French Web3 ecosystem. By deepening connections with local users and industry players, CoinEx remains committed to delivering professional and innovative crypto trading solutions to the region.
About CoinEx
CoinEx is a global cryptocurrency exchange designed with users in mind. Since its launch by the industry-leading mining pool ViaBTC, the platform has been one of the earliest crypto exchanges to release proof-of-reserves to protect 100% of user assets. CoinEx is also home to its native token, CET, which incentivizes user activities while empowering its ecosystem.
Please visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
View original content:https://www.prnewswire.co.uk/news-releases/coinex-joins-paris-blockchain-week-2025-strengthening-its-presence-in-europe-302419628.html
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