Bitcoin mining company Cango has achieved significant revenue, generating nearly $100.5 million worth of Bitcoin within just two months since fully transitioning its operations to crypto mining. This […]
Cango Transforms into Global Bitcoin Miner after Restructuring Deal
Cango Inc. has finalized the sale of its Chinese operations for $351.94 million, marking a major shift in the company’s strategic focus. The transaction with Ursalpha Digital Limited […]
Cango Reports Decrease in Bitcoin Production for April
Bitcoin mining company Cango (NYSE: CANG) has published its production report for April, showing a decline in output. The company mined 470.0 Bitcoins in April, representing a 11.3% […]
Cango Ditches China Operations, Eyes Bitcoin Mining with $351 Million Deal
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 […]