Golden Finance reported that Cango, a car trading service provider, entered the Bitcoin mining field in November. The company spent US$400 million to acquire 50 EH/s of computing power, immediately becoming one of the largest miners in the world. Bitcoin’s hash rate currently hovers at 823 EH/s, and once Cango’s 50 EH/s is fully online, it will provide approximately 6% of the hash rate behind Bitcoin. For reference, MARA Holdings (MARA), the world's largest listed miner, has a hash rate of just over 47 EH/s, followed by CleanSpark (CLSK) and Riot Platforms (RIOT), the second largest, at 32 EH/s and 26 EH/s respectively. s.