Bitcoin Mining Firm Cango Receives NYSE Notice for Failing to Meet Continued Listing Price Standard

PR Newswire reported on April 1 that Bitcoin mining firm Cango Inc. (NYSE: CANG) has received a notice from the New York Stock Exchange (NYSE) stating it failed to meet the NYSE’s continued listing standard related to stock price. As of March 9, 2026, the average closing price of the company’s Class A common stock over 30 consecutive trading days was below $1.00 per share—violating Rule 802.01C of the NYSE Listed Company Manual. Under NYSE regulations, Cango has a 6-month cure period starting from the notice date. Compliance will be restored if, on the last trading day of any month during the cure period, both the closing price and the 30-trading-day average closing price are at or above $1.00 per share. Cango noted it has notified the NYSE of its intent to remedy the situation and will continue to assess market conditions and potential solutions. During the cure period, its Class A common stock will trade normally on the NYSE. The notice does not affect the company’s day-to-day operations, SEC reporting obligations, or other contractual commitments.