Cango Inc. Acquires 50 MW Bitcoin Mining Facility, Shifts Towards a Diversified Energy Strategy

Cango Inc., a leading player in the Bitcoin mining space, has acquired a fully operational 50 MW mining facility in Georgia, USA, marking a significant milestone on its path to diversification. This strategic acquisition, valued at US$19.5 million, positions Cango for future growth by adding to its portfolio of owned and operated facilities while establishing the foundation for an energy strategy that extends beyond Bitcoin mining. The facility joins Cango’s existing operations, allowing for a seamless transition for both existing miners and new clients seeking hosting services.