Bitcoin Mining Firm Cango Plans Direct Listing on NYSE in November 2025

According to Foresight News, Bitcoin mining company Cango has announced its intention to transition to a direct listing on the New York Stock Exchange (NYSE) on November 17, 2025. Previously, Cango made its debut in the U.S. market through an initial public offering (IPO) in July 2018, utilizing American Depositary Receipts (ADR) for its listing. The move to a direct listing marks a significant shift in the company's approach to public trading, aiming to streamline its presence on the NYSE.