Cango’s Bitcoin Mining Success: 2,944.8 BTC Accumulated

Cango Inc., a company traditionally known for its automotive transaction services, has emerged as a notable player in the cryptocurrency mining industry. The company’s recent success in Bitcoin mining offers insight into the growing trend of companies venturing into the digital asset space. A report reveals impressive progress, particularly concerning Cango’s Bitcoin mining operations. The latest data shows Cango mined 470 Bitcoin (BTC) in April, demonstrating operational scale and efficiency. Notably, the company chose to retain its mined BTC, indicating a bullish long-term outlook on the cryptocurrency’s value. Why did Cango get into Bitcoin mining?