Shanghai-based Cango has finalized agreements to divest its operations in China for $351.9 million in cash, paving the way for a strategic shift into cryptocurrency mining. Ursalpha Digital […]
Cango Invests in Bitcoin Mining, Offloads Legacy Operations
Chinese conglomerate Cango has taken a major leap into the world of Bitcoin mining by selling its Chinese auto financing business and partnering with Bitmain. The move is […]
Cango Ditches Cars for Bitcoin: Chinese Platform Invests $352M in Mining
Chinese fintech firm Cango is making a bold move by selling its auto-financing business for a hefty $352 million to Bitmain, a company associated with Bitcoin mining. This […]