Chinese Bitcoin miner Cango reported a sharp rise in production during the second quarter of 2025, even as higher expenses dragged the …
Cango
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Cango Inc. has acquired a fully operational 50-megawatt (MW) bitcoin mining facility in Georgia, U.S., for $19.5 million. Cango Acquires 50 MW …
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Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto …
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CANG just became the 4th largest public Bitcoin miner by hash rate. But after a recent leadership shakeup, is it now acting …
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Cango Inc., a publicly traded company listed on the New York Stock Exchange, has completed its transformation into a Bitcoin miner. Summary …
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Mining
Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
by shayaanby shayaanCango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its …
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Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha …
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Mining
Cango Inc. 50 EH/s Power Play: Is This the Next Big Name in Bitcoin Mining?
by shayaanby shayaanCango Inc. pivoted from automobile trading to Bitcoin mining and is now targeting 50 EH/s in early 2025. With a growing BTC …
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The bitcoin (BTC) mining industry was shaken up in the last months of 2024 by the sudden entrance of a new player: …
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Mining
From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant
by shayaanby shayaanAccording to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest …