Cango Inc. Shifts Focus to Global Bitcoin Mining with PRC Business Sale

Cango Inc., a leading force in Bitcoin mining, has completed the divestment of its Chinese operations for approximately US$351.94 million. This strategic move, which closed on May 27, 2025, allows Cango to concentrate its resources and expertise on expanding its global presence in the booming Bitcoin mining industry. The sale unlocks significant capital, enabling Cango to accelerate expansion into key regions like North America, the Middle East, South America, and East Africa, fueled by the growth of digital finance.