Blockchain Press Releases
Cango Inc. Gains Positive Outlook with Initiation of Coverage by Apollo Insights
SHANGHAI, April 29, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a rapidly expanding leader in Bitcoin mining, announced the initiation of coverage by Apollo Insights, an independent equity research firm.
Apollo Insights initiated coverage on Cango on April 22, 2025, following the release of its equity research report and investment thesis titled “Cango Catapults Into Bitcoin Mining”.
The equity research report highlights include:
- The Company has a market capitalization of $387.1 million
- The 12-month low and high for the Company’s stock is $1.33 and $8.00, respectively.
- Apollo Insights estimates that Cango’s fiscal 2025E revenue and adjusted EBITDA will reach RMB3,913.2 million and RMB665.6 million, respectively
- In fiscal 2026E, revenue and adjusted EBITDA are projected to reach RMB4,644.6 million (an 18.7% year-over-year increase) and RMB1,185.2 million (a 78.1% year-over-year increase), respectively.
- The firm attributes its favorable outlook for Cango to a supportive regulatory environment under the Trump administration and the potential for greater clarity in cryptocurrency regulations.
The initiation of coverage underscores Cango’s remarkable rise in the Bitcoin mining industry in a short time. The Company has developed its mining operation at a lower cost and reduced operational risks through strategic partnerships for acquiring Bitcoin mining equipment. This higher overall operating efficiency ensured the Company generated an average operating hash rate of 30.3 exahash/second (EH/s) in March 2025, placing Cango in joint second for the highest operating hashrate in the month.
The Company’s capital-light model has helped it accumulate holdings of approximately 2,475 Bitcoin as end-March 2025, valued at roughly US$211 million as of April 17, 2025. Cango has not sold any of its Bitcoin holdings yet. Overall, as of March 2025, Cango ranks as the fifth-largest Bitcoin mining player by deployed hashrate, achieving 32 EH/s in just four months. The report projects that its deployed hashrate will reach 42 EH/s by the end of FY25E.
Since entering the Bitcoin mining industry in November 2024, Cango has expanded its global footprint across strategic regions. Its mining operations now span the U.S. (38%), East Africa (37%), Oman (15%), Paraguay (9%), and Canada (1%).
Click here to view Apollo Insights’ full equity research report and investment thesis on Cango.
About Cango Inc.
Cango Inc. (NYSE: CANG) primarily operates a leading Bitcoin mining business. Cango has deployed its mining operation across strategic locations including North America, Middle East, South America, and East Africa. Cango expanded into the crypto assets market in November 2024, driven by the development in blockchain technology, increasing prevalence of crypto assets and its endeavor to diversify its business. Meanwhile, Cango has continued to operate the automotive transaction service in China since 2010, aiming to make car purchases simple and enjoyable. For more information, please visit: www.cangoonline.com.
Media Contact
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: [email protected]
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Blockchain Press Releases
Bybit x Block Scholes Quarterly Institution Report on ETH and Altcoin: Making Sense of the ETH Rally
DUBAI, UAE, May 28, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume released the latest institution report in collaboration with Blocks Scholes, in which the quarterly report offers a longer view of ETH’s performance and potential impact on altcoins.
Analysts revisited historical patterns of ETH’s trajectory and BTC’s time-tested dominance, comparing how the cycles moved altcoin markets. With the focal point on ETH, the report assessed the catalysts of its recent surge since May 7, 2025.
Key Insights:
The Verdict on Altcoin Season hasn’t been reached despite ETH’s outperformance, for the simple reason that the ETH hype had not quite reached historical level in terms of market cap dominance for the trickle down effect to happen. Sitting at just over half of its 2021 high, ETH only occupied 9% of the market. The report noted that three out of the top 10 L-1 blockchains — HYPE, SUI, and SOL — outperformed ETH by market cap at one point or another since Trump’s ‘Liberation Day’ on April 2.
The Pectra Upgrade appeared to have provided a boost to ETH’s price performance. But a closer look at options data “complicates the narrative”: the rise in implied volatility for ETH options suggested macro factors were the true drivers of sentiment shifts. In fact, the ETH rally on May 8 mirrored broader circumstances upon the announcement of the US-UK trade deal, propelling equities and BTC to climb simultaneously. The observation is consistent with later developments of market recovery amid easing tariff tensions.
Access the Full Report here.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Dimitra and MANTRA Partner to Tokenize Real-World Agricultural Assets for Real Impact
DUBAI, UAE, May 28, 2025 /PRNewswire/ — Dimitra, a global leader in agriculture technology and sustainability solutions – that leverages blockchain and artificial intelligence to support farmers – has partnered with MANTRA, a layer 1 blockchain platform focused on real-world assets (RWAs). This collaboration aims to bring green agricultural assets onchain, offering innovative ways for farmers to finance their activities, and enable global investors to engage in sustainable value creation.
Dimitra uses blockchain and artificial intelligence to help smallholder farmers boost productivity and build more resilient agricultural systems. MANTRA brings a secure, regulation-friendly blockchain designed for tokenizing real-world assets, across real estate, commodities, and agriculture. Together, they will unlock new pathways to connect high-impact farming projects with investors seeking transparent, asset-backed opportunities that deliver both returns and positive change.
The first phase of the partnership will focus on cacao production in the Amazon region of Brazil and carbon credit projects in Mexico. In Brazil, Dimitra is working with smallholder farmers to improve cacao yields through the Connected Cacao platform, designed to provide tools for soil analysis, crop monitoring, AI technical assistance and regenerative best practices. Cacao is a high-demand crop, especially among chocolate producers. Tokenizing cacao-based RWAs can open new paths for financing infrastructure, traceability and farmer incentives, making the entire value chain more profitable and transparent.
In Mexico, Dimitra and MANTRA will leverage Dimitra’s carbon monitoring tools to support a forest conservation project covering over 20,000 hectares, with the potential to generate nearly one million carbon credits in the next ten years. These efforts will produce 100% traceable carbon credits, making it easier to verify, trade and invest. As the global demand for carbon credits continues to rise, tokenization of carbon projects offers a path to broader access and greater impact.
While the initial projects will focus on Brazil and Mexico, this partnership will establish a framework for tokenizing agricultural projects worldwide. Dimitra’s portfolio includes dozens of agricultural projects in Latin America, Africa and Asia. Many of these projects are economically sound, but struggle to attract funding. With MANTRA’s infrastructure, these initiatives can be turned into investable opportunities that appeal to a growing number of people and institutions looking to make a real impact with real returns.
“This partnership is about unlocking new value from the real economy,” said Jon Trask, CEO of Dimitra. “Through MANTRA’s platform, we’ll be able to turn powerful, regenerative agricultural projects into accessible investment opportunities, benefiting both farmers and investors.”
“Tokenizing agriculture isn’t just about innovation, it’s about finding solutions to real-world issues long associated with food supply – at scale – and for long-term impact,” said John Patrick Mullin, CEO of MANTRA. “Dimitra is solving real-world problems, with a focus on traceability and transparency – and we’re proud to help bring those to a wider audience. MANTRA Chain was built to support projects like these.”
The partnership follows a string of strong developments from MANTRA, which continues to build momentum in the real-world asset space. Earlier this year, MANTRA was awarded the first DeFi license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services. It also launched the RWAccelerator – a start-up program for builders and startups supported by Google Cloud.
About Dimitra
Dimitra is a leading AI and blockchain-based platform for AgTech driving productive, intelligent and inclusive farming. Dimitra empowers farmers to make their processes smarter through actionable data-driven insights. Now working with farmers and co-ops across 35 countries, Dimitra’s AI-driven solutions equip farmers, agribusinesses, and governments with cutting-edge technology to combat deforestation, increase yields, reduce costs, and mitigate risks. Dimitra ensures seamless access to precision agriculture, supply chain transparency, carbon credit generation, and regulatory compliance.
About Mantra
MANTRA is a purpose-built Layer 1 blockchain for real-world assets, capable of adherence to real-world regulatory requirements. As a permissionless chain, MANTRA Chain empowers developers and institutions to seamlessly participate in the evolving RWA tokenization space by offering advanced technology modules, compliance mechanisms, and cross-chain interoperability. MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), to operate as a Virtual Asset Exchange, as well as provide Broker-Dealer and Management and Investment Services.
View original content:https://www.prnewswire.co.uk/news-releases/dimitra-and-mantra-partner-to-tokenize-real-world-agricultural-assets-for-real-impact-302466282.html
Blockchain Press Releases
MEXC Futures Grid Bot Sets Traders on Fast-Track to Yields Under Multiple Market Conditions
VICTORIA, Seychelles, May 28, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, has taken center stage on the crypto market with the release of the Futures Grid Bot on May 21, 2025. The new product provides users with a host of advantages and is unique as a market offering with an entry threshold as low as 10 USDT and high leverage rates for improved capital efficiency.
The MEXC Futures Grid Bot is an advanced trading instrument that opens up entirely new opportunities for traders in terms of leveraging available assets via innovative approaches. The principle of grid trading relies on applying a fully automated strategy that lets traders set multiple equidistant buy and sell orders within a predetermined price range. The given method allows traders to generate profits based on any market sentiment and at lowered risks.
Traders who rely on the Futures Grid Bot yield profits by taking advantage of market-induced price fluctuations. This lets traders use the Futures Grid Bot to generate profits, regardless of bull or bear markets.
MEXC designed the Futures Grid Bot with a number of distinct advantages, which make it highly attractive to a wide range of trader audiences. Apart from the low entry threshold, the bot grants high leverage rations, uninterrupted operation, and low transaction fees.
Among the potential users of the bot are short-sell traders, giving them effective risk dispersal in case of market falls. Leveraged traders and those seeking risk mitigation can also benefit from the Futures Grid Bot, as it can help them distribute dense orders. The automated nature of the bot makes it ideal for full-time traders, freeing them from monitoring their trades nonstop. Novice traders will find the Futures Grid Bot an excellent stepping stone into their trading careers, considering its low 10 USDT entry threshold and that the instrument automatically adjusts its parameters to suit their modes.
The workflow of the Futures Grid Bot has been intentionally simplified and streamlined to ensure that both novice and professional traders can use its interface with minimal navigation. In order to initiate their first trade with the Futures Grid Bot, users must first determine the price range of their orders within the price range that suits their requirements. The next step is setting the trade intervals into an equidistant grid and placing buy and sell orders within each grid cell. Futures Grid Bot takes over as the final step, launching automated buy-low and sell-high orders.
The MEXC exchange is confident that the Futures Grid Bot will prove to be a valuable addition to the platform’s ever-expanding range of products. The functionality of the bot and its ability to allow traders to generate positive yields under different market conditions makes it an attractive instrument for both novice and professional users, upping the exchange’s market status and audience inflow.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC
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