Bitcoin mining firm Cango plans to terminate its American Depository Receipt (ADR) program and transition to listing its common stock on the New York Stock Exchange (NYSE) in November. This strategic move is aimed at enhancing its visibility and access to capital markets. Cango’s decision to end the ADR program aligns with its objectives to streamline operations and focus on its core business in the cryptocurrency sector. The firm is expected to provide further details regarding the transition process and the implications for its shareholders.
