Cango Acquires Georgia Bitcoin Mining Facility for $19.5 Million
Cango Inc. has acquired a fully operational 50-megawatt (MW) bitcoin mining facility in Georgia, U.S., for $19.5 million. Cango Acquires ...
Tag: Cango
Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury
Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped ...
Is Cango a Bitmain Proxy? Here’s What I Found
CANG just became the 4th largest public Bitcoin miner by hash rate. But after a recent leadership shakeup, is it ...
Cango finalizes pivot to a Bitcoin mining company
Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin ...
Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
Cango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, ...
Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations ...
Cango Inc. 50 EH/s Power Play: Is This the Next Big Name in Bitcoin Mining?
Cango Inc. pivoted from automobile trading to Bitcoin mining and is now targeting 50 EH/s in early 2025. With a ...
From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant
According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become ...
Cango Inc. acquires 32EH/s Bitcoin miners from Bitmain for $256 million
Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto ...
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