Cango Exits Legacy Business in China to Fully Commit to Bitcoin Mining: Latest Industry Insights
Cango, a publicly traded Chinese company, has decided to sell its old auto financing business in China for $352 million to Ursalpha Digital Limited, a firm linked to Bitmain. This move is part of Cango’s strategy to focus entirely on Bitcoin mining. As part of this deal, Bitmain will transfer significant mining power, adding 32 ...
