Cango Inc., a leading player in the Bitcoin mining industry (NYSE: CANG), has announced the acquisition of a fully operational 50 MW mining facility in Georgia, USA, for US$19.5 million. This strategic move marks a significant step toward Cango’s evolving energy strategy and signals its commitment to building a diverse portfolio that encompasses both Bitcoin mining and energy infrastructure. The facility will initially allocate 30 MW for self-mining operations and 20 MW for hosting third-party miners, enabling seamless operational transition. This acquisition allows Cango to leverage its expertise in managing mining sites while laying the groundwork for future expansion into high-performance computing (HPC) applications.