Cango purchased $256 million in mining computing power from Bitmain, with mining output of 393 BTC in November
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2024-12-18 12:03 7,681
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Golden Finance reports that Cango, a Shanghai-based NYSE-listed automotive trading service platform, has acquired 32 EH/s of computing power from Bitmain for $256 million. Cango previously reported that its Bitcoin mining output in November was 393 BTC. Cango's shares have risen from $3.41 in mid-November to $6.91 on Tuesday, giving it a market capitalization of $500 million.