Cango Mines 153 Bitcoin: Chinese Auto Giant Shows Institutional Crypto Commitment

Chinese auto trading service platform Cango has achieved a significant milestone, revealing the successful mining of 153.2 Bitcoin this week. This accomplishment underscores their expanding presence in the cryptocurrency space and signals their commitment to digital asset production. 153.2 BTC joins an already substantial portfolio, highlighting Cango’s efficient infrastructure for large-scale Bitcoin mining. Cango’s journey into crypto began with a strategic $256 million investment in Bitmain’s ASIC miners, enabling them to diversify their business model and tap into the lucrative world of cryptocurrency production.