Cango Stock Rises Over 20% on Jones Trading Buy Initiation

By EC Assets · Published 28 September 2026

Shares of Cango Inc. surged more than 20% on Monday. The increase followed Jones Trading initiating coverage on the company with a Buy rating. Jones Trading launched its coverage with a Buy rating due to an AI pivot. Cango Inc. Class A ordinary shares began trading on the NYSE on Monday, November 17, 2025. The company pivoted from China's car-trading market. Cango transformed to become one of the world's leading Bitcoin miners in under a year. This transformation signaled the company's appetite for change. As part of a corporate migration, Cango systematically optimized its presence in the digital asset segment. An analyst highlighted that the company reduced its active mining capacity. This article is intended for informational purposes only. It does not constitute investment advice.