Cango Inc. Shifts to Global Bitcoin Mining after Selling PRC Unit

Cango Inc. has completed the sale of its operations in China (PRC) to Ursalpha Digital Limited for $351.94 million, marking a strategic shift to global Bitcoin mining. This move will impact Cango’s regulatory status and operational strategy, with immediate market attention focused on Bitcoin’s price movements. The company is now poised to harness its expertise and resources in the growing Bitcoin mining sector.