Cango Inc. Acquires 50 MW Bitcoin Mining Facility in Georgia: Paving the Way for Energy Diversification

Cango Inc., a publicly traded company listed on the New York Stock Exchange (NYSE: CANG), announced today the acquisition of a fully operational 50 MW Bitcoin mining facility in Georgia, USA. This strategic move marks a significant milestone for the company as it shifts its strategy towards a diversified energy portfolio. The purchase was made for a total cash consideration of US$19.5 million and will be utilized to solidify Cango’s position within the industry.