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DALLAS, Jan. 5, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today published its Bitcoin production and mining operations update for December 2025. Bitcoin Mining Production and Mining Operations Update for December 2025 Metric December 2025 [1] November 2025 [1] Number of Bitcoin produced 569.0 546.7 Average number of Bitcoin produced per day 18.35 18.22 Total number of Bitcoin held [2] 7,528.3 6,959.3 Deployed hashrate 50 EH/s 50 EH/s Average operating hashrate [3] 43.36 EH/s 44.38 EH/s 1. Unaudited, estimated. 2. As of month-end. 3. Average over the month. Note: Cango holds Bitcoin for the long term and does not currently intend to sell any of its Bitcoin holdings. Paul Yu, CEO and Director of Cango, commented, "Throughout 2025, Cango delivered strong and consistent operational growth. In December, due to favorable network difficulty adjustments, we maintained stable operating hashrate levels and achieved higher daily Bitcoin production, bringing our total Bitcoin holdings to 7,528.3 BTC. Additionally, in late December, a major shareholder decided to increase its investment in Cango with a US$10.5 million commitment, which expected to close in January 2026, representing a powerful vote of confidence in our strategic roadmap. This commitment will enable us to drive greater Bitcoin mining efficiency, and accelerate the parallel development of our energy and AI compute platform in 2026." About Cango Inc. Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span over 40 sites across North America, the Middle East, South America, and East Africa. Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com. For more information, please visit: www.cangoonline.com. Investor Relations ContactJuliet Ye, Head of CommunicationsCango Inc.Email: ir@cangoonline.com Christensen AdvisoryTel: +852 2117 0861Email: cango@christensencomms.com
DALLAS, Texas, Dec. 24, 2025 /PRNewswire/ -- Greenridge Capital has initiated coverage on Cango Inc. (NYSE: CANG) ("Cango" or the "Company") with a buy rating and US$4.00 target price, noting that Cango appears to be "mispriced and overlooked by the market given its market leading Bitcoin mining status and asset-light model for entry into the high-performance computing (HPC) market." According to the Greenridge Capital report, Cango is trading below the value of its assets, which include liquid holdings in cash and over US$600 million in BTC held under a strict HODL strategy, a 50 EH/s globally distributed mining portfolio, and a 50MW data center in the U.S. state of Georgia (acquired in Q3 of 2025). The report also points out ongoing cost reduction measures, suggesting operational discipline, and Cango's ability to capitalize on future opportunities with its strong financial position. Looking ahead, Cango's strategy to diversify revenue and enhance profitability focuses on securing control over its own power supply, a key strategic step for future AI data center or Bitcoin mining operations. The report highlights Cango's "Energy + HPC" plan, which targets expansion into flexible energy and data infrastructure projects with higher margin opportunities and cash generation potential. Supporting this expansion are two pilot projects already underway: a pilot solar generation and storage project in Oman and a 150MW power generation facility in Indonesia, which it is developing with a partner and could potentially be expanded to 300MW in future. Further updates from management are expected in coming months. Greenridge Capital's US$4.00 price target is based on a blended valuation approach using two methodologies: (1) an EV/Adjusted EBITDA multiple of 7x applied to a 2026 adjusted EBITDA estimate of US$335.4 million, and (2) a P/E multiple of 15x applied to a 2026 diluted EPS estimate of US$0.34. Both multiples are conservative relative to industry peers. Notably, this valuation does not yet assign value to Cango's developing energy infrastructure projects, which could unlock substantial value in the future as project milestones are achieved. About Cango Inc. Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through AutoCango.com, making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: www.cangoonline.com. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the "Roadmap Forward" section and quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango's plan to terminate its ADR program and list its Class A ordinary shares directly on the NYSE and potential benefits from such change; Cango's goal and strategies; Cango's expansion plans; Cango's future business development, financial condition and results of operations; Cango's expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact Juliet Ye, Head of CommunicationsCango Inc.Email: ir@cangoonline.com Christensen AdvisoryTel: +852 2117 0861Email: cango@christensencomms.com
BRISBANE, Australia, Dec. 23, 2025 /PRNewswire/ -- BUMA Australia Pty Ltd ("BUMA Australia"), a wholly owned subsidiary of PT Bukit Makmur Mandiri Utama ("BUMA"), under Indonesian listed holding company PT BUMA Internasional Grup Tbk ("BUMA International Group, IDX: DOID"), announced that the Supreme Court of Queensland has delivered its judgment in BUMA Australia Pty Ltd v Queensland Power Company Pty Ltd & Ors, ruling in favour of BUMA Australia in a contractual dispute arising from a Contract Mining Agreement. The Court's decision affirms BUMA Australia's entitlement to payment of outstanding invoiced amounts and end-of-contract reconciliation sums, to be determined in accordance with the Contract Mining Agreement. In its judgment, the Court considered several key commercial issues, including the interpretation of contractual variations for additional hired mining fleets, the methodology for calculating end-of-contract reconciliation, and claims associated with coal quality and related payment entitlements. On these matters, the Court accepted BUMA Australia's interpretation of the relevant contractual provisions. BUMA Australia welcomes the Court's decision, which reflects the Company's commitment to delivering services in accordance with its contractual obligations. Financial Impact The final amount to be received will be determined following the completion of post-judgment processes, including contractual reconciliation in line with the Court's findings, and is expected to be material. Subject to the completion of these processes, the Company expects to recognise the outcome in its financial statements for the first quarter of 2026. The judgment remains subject to appeal, and BUMA Australia will continue to assess its implications in line with applicable accounting and governance requirements.
BRISBANE, Australia, Dec. 23, 2025 /PRNewswire/ -- BUMA Australia Pty Ltd ("BUMA Australia"), a wholly owned subsidiary of PT Bukit Makmur Mandiri Utama ("BUMA"), under Indonesian listed holding company PT BUMA Internasional Grup Tbk ("BUMA International Group, IDX: DOID"), announced that the Supreme Court of Queensland has delivered its judgment in BUMA Australia Pty Ltd v Queensland Power Company Pty Ltd & Ors, ruling in favour of BUMA Australia in a contractual dispute arising from a Contract Mining Agreement. The Court's decision affirms BUMA Australia's entitlement to payment of outstanding invoiced amounts and end-of-contract reconciliation sums, to be determined in accordance with the Contract Mining Agreement. In its judgment, the Court considered several key commercial issues, including the interpretation of contractual variations for additional hired mining fleets, the methodology for calculating end-of-contract reconciliation, and claims associated with coal quality and related payment entitlements. On these matters, the Court accepted BUMA Australia's interpretation of the relevant contractual provisions. BUMA Australia welcomes the Court's decision, which reflects the Company's commitment to delivering services in accordance with its contractual obligations. Financial Impact The final amount to be received will be determined following the completion of post-judgment processes, including contractual reconciliation in line with the Court's findings, and is expected to be material. Subject to the completion of these processes, the Company expects to recognise the outcome in its financial statements for the first quarter of 2026. The judgment remains subject to appeal, and BUMA Australia will continue to assess its implications in line with applicable accounting and governance requirements. About PT BUMA Internasional Grup Tbk (BUMA International Group) Established in 1990, PT BUMA Internasional Grup Tbk (BUMA International Group) is a globally diversified mining holding company with operations across Indonesia, Australia, and the United States. The Group operates under four key business pillars: Mining Services, Mine Ownership, Social Enterprise, and Technology. At the core of its Mining Services operations is PT Bukit Makmur Mandiri Utama (BUMA), one of the largest mining services providers in Indonesia and Australia (operating under its fully owned subsidiary, BUMA Australia Pty Ltd). The Group transformed its business as a mine owner in 2024 with the acquisition of Atlantic Carbon Group, Inc. (ACG), and positioning itself as the leading producer of ultra-high-grade anthracite in the United States. The Group further strengthened its mine ownership portfolio by acquiring Dawson Complex, one of the largest metallurgical coal mines in Australia, in November 2024 (subject to regulatory approvals and pre-emptive rights, with completion targeted in 2025). Expanding its diversification, the Group entered the future-facing commodities sector in 2024 by acquiring a stake in 29Metals Limited, an Australian-based copper and base metals mining company. The Group has also invested in AIM-listed Asiamet Resources Limited for its flagship BKM Copper Project in Central Kalimantan. The Group's other portfolios include PT Bukit Teknologi Digital (BTech), focusing on developing deep learning technologies aimed at enhancing operational efficiency, reducing emissions, and minimizing Occupational Health and Safety (OHS) risks, and PT BISA Ruang Nuswantara (BIRU), a social enterprise dedicated to education, vocational training, and promoting a circular economy. Headquartered in Jakarta, BUMA International Group is publicly listed on the Indonesia Stock Exchange (IDX: DOID) and employs over 13,000 people worldwide. In June 2025, the company was once again recognized among the Top 200 in the FORTUNE Southeast Asia 500, underscoring its position as one of the region's largest companies by revenue. About BUMA Australia Pty Ltd (BUMA Australia) BUMA Australia provides end-to-end mining and rehabilitation services. Founded in 2021, BUMA Australia emerged as a prominent mining contractor through the acquisition of Downer's Open Cut Mining East business (Predecessor Operations). This acquisition encompassed the transition of personnel, mining services contracts, assets, systems, and intellectual property, ensuring the continuation of a 100-year legacy in Australia.
HONG KONG, Jan. 15, 2026 /PRNewswire/ -- As the robotics industry accelerates its transition toward large-scale commercialization, Shoucheng Holdings (0697.HK) has announced another significant milestone in its robotics investment and ecosystem-building strategy. The Company disclosed that it will officially launch China's first full-scenario livestream platform dedicated to robotics product sales — the "PoBiren (Barrier-Breaker) Initiative Livestream Studio" — at 19:50 on Sunday, January 18, simultaneously on Douyin and WeChat Video Channels. The launch of this platform marks a key step in Shoucheng Holdings' efforts to accelerate the integration of online and offline sales channels across the robotics value chain, from R&D and manufacturing to end-user consumption. Through an innovative "robotics + commerce" model, the Company aims to facilitate the transition of robotics products from primarily industry-level applications toward broader mass-market adoption, offering a new commercialization pathway for the robotics sector. Building China's First Sales-Oriented Robotics Livestream Platform and a "Showcase–Transaction–Delivery" Closed Loop According to the Company, the PoBiren Initiative Livestream Studio is not a conventional brand-promotion or content-driven livestream. Instead, it is a robotics-focused livestream platform designed with product sales and transaction conversion as its core objective. The platform will bring together multiple robotics ecosystem companies, including Unitree Robotics, Noetix Robotics, DEEP Robotics, and Differential Robotics, enabling a one-stop closed loop covering product demonstrations, interactive engagement, real-time ordering, and sales conversion. Unlike traditional livestream commerce models, which often emphasize promotional messaging and short-term sales tactics, the PoBiren Initiative adopts an investor-perspective narrative. Through in-depth discussions of industry trends and portfolio companies' strategic positioning, the livestream not only showcases product features, but also explores the underlying technological innovation, brand philosophy, and long-term development roadmaps of the participating companies. By integrating industry analysis with product presentation, this format allows viewers to gain insight into both the functional value of robotics products and the competitive positioning of the companies behind them. Compared with conventional livestream selling, the approach places greater emphasis on industry depth and brand value communication, providing robotics companies with a more effective and credible channel to engage directly with consumers. Industry participants generally view this model favorably, noting that it has the potential to enhance brand recognition for portfolio companies, improve market conversion efficiency, and accelerate the transition from industrial deployment to broader market acceptance. The model may also set a new benchmark for marketing and communications within the robotics sector and beyond. Building an Agent Network of Nearly 100 Robotics Companies to Enable Ecosystem-Level Commercialization Beyond capital investment, Shoucheng Holdings has been actively expanding its ecosystem-level commercialization infrastructure. The Company has established an agent network covering approximately 100 robotics companies, providing portfolio enterprises with integrated support across production-sales coordination, channel expansion, and order generation, thereby facilitating faster market entry and real-world deployment. This agent network functions not only as a commercialization channel, but also as an extension of the Company's investment strategy. By leveraging the network to generate early demand signals and collect real-time market feedback, Shoucheng Holdings enables portfolio companies to refine and iterate their products based on practical deployment data, supporting rapid ecosystem growth. Robotics Investment Portfolio Delivers Breakthrough Returns as Flagship Projects Achieve Strong Performance Shoucheng Holdings' robotics investment portfolio has delivered notable results. One of the most prominent examples is Variable Robotics, an embodied-intelligence company that recently completed an approximately RMB 1 billion Series A++ financing round. Based on the valuation achieved in this round, funds affiliated with Shoucheng Holdings that invested at an early stage have reportedly realized investment returns exceeding 10x, underscoring the Company's strong execution and forward-looking judgment in frontier technology investments. In addition, Shoucheng Holdings' robotics portfolio includes other core enterprises such as Unitree Robotics and Galaxy General, many of which continue to advance both technological development and capital-market readiness. According to public reports, certain portfolio companies have entered IPO tutoring stages or have established leading positions within their respective robotics sub-sectors. The growth of these enterprises not only supports technological breakthroughs within the industry, but also contributes tangible and scalable value to Shoucheng Holdings' investment portfolio. Beyond individual success stories, the Company's overall robotics investment portfolio has achieved significant aggregate returns. According to Kang Yu, Company Secretary of Shoucheng Holdings, the portfolio's book return in the robotics sector has exceeded 4x, a particularly notable achievement amid heightened valuation volatility in the private equity market. Public analysis suggests that such performance is not coincidental, but rather the result of a systematic investment strategy focused on selective exposure to high-quality enterprises. Shoucheng Holdings' investments span multiple key segments of the robotics industry, from hardware manufacturing and intelligent systems to service and industrial applications. This multi-dimensional布局 enables portfolio companies to collaborate and reinforce one another, maximizing overall portfolio value creation. From Investor to Ecosystem Builder: Shoucheng Holdings' Long-Term Strategic Path Shoucheng Holdings' long-term commitment to the robotics sector extends well beyond financial investment. The Company emphasizes a coordinated model integrating capital, application scenarios, and ecosystem development. On one hand, it continues to deploy industrial funds to invest in companies with core technologies and strong growth potential; on the other, it provides portfolio companies with access to real enterprise-level application scenarios and commercialization validation through its agent network and proprietary resources. This end-to-end support model — spanning capital deployment to real-world implementation — enables a tighter alignment between capital and technology, and between technological innovation and market demand, thereby facilitating faster value realization and more sustainable growth. As robotics technologies continue to penetrate industrial automation, service applications, and smart-city scenarios, the sector is entering a more mature phase of commercialization. Against this backdrop, Shoucheng Holdings' sustained execution and tangible results position the Company as a key participant in the evolving robotics value chain. Looking ahead, as livestream initiatives roll out, portfolio companies scale commercialization, and capital markets reassess high-quality technology assets, Shoucheng Holdings is well-positioned to unlock further value from its robotics ecosystem.
CHANGSHA, China, Jan. 15, 2026 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; 1157.HK) is driving a new wave of intelligent transformation by integrating AI with construction machinery, the industrial internet, big data, and cloud computing. Its full-chain AI system spans smart products, manufacturing, management, and embodied-intelligence robotics, reshaping the company into a fully digital and intelligent enterprise. Zoomlion is also scaling humanoid robotics as its "third growth curve," backed by proprietary hardware-software integration capabilities. Zoomlion's humanoid robot performs sorting tasks on the factory floor Zoomlion's full-chain AI application system covers four major pillars, namely, AI plus construction machinery, AI plus intelligent manufacturing, AI plus intelligent management, and AI plus embodied-intelligence robots. At Zoomlion Smart City, 12 smart factories and over 300 smart production lines, including 20 lights-out lines, operate as an end-to-end intelligent manufacturing system. In the AI plus intelligent manufacturing domain, processes such as cutting, welding, machining, painting, and assembly are fully connected to the industrial internet platform. This allows unified management of over 100,000 material types and intelligent manufacturing of over 400 products. AI-driven scheduling and optimization enable the park to produce an excavator every six minutes, a scissor lift every 7.5 minutes, a concrete pump truck every 27 minutes, and a truck crane every 18 minutes, marking a breakthrough in large-scale, multi-variety, small-batch agile manufacturing. Zoomlion also applies AI across R&D, production, sales, service, and supply chain management. For customer service, the Company has launched a voice-based AI expert diagnostic system with over 95 percent accuracy, enabling remote fault identification, rapid troubleshooting, and 24-hour technical support. Since 2024, Zoomlion has expanded into embodied-intelligence humanoid robotics, leveraging its full-stack self-development capabilities. Dozens of humanoid robots are now deployed in factory logistics, loading and unloading, pre-assembly, and quality inspection, forming early productivity use cases. Supported by a self-built training ground with over 100 workstations and large-scale industrial datasets, Zoomlion enables rapid iteration of human-robot collaboration. All humanoid and industrial robots are connected to the Zhongke Yungu Embodied Intelligence Platform, which integrates data, training, simulation, and OTA deployment into a closed loop, powered by a national supercomputing center with 59P GPU computing capacity and tens of thousands of distributed nodes. Beyond humanoid robotics, Zoomlion is developing a wider range of specialized robots for firefighting, mowing, construction, and agriculture. With deep integration across hardware, AI models, and real-world scenarios, the company is positioning embodied intelligence as its next major growth engine.
A12 藝術空間
Mining
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