Cango Inc. Bets $256 Million on U.S.-Based Bitcoin Mining Amid China’s Crypto Ban
Cango Inc.’s Bold Move into Bitcoin Mining: A $256 Million Gamble Shanghai-based Cango Inc., a prominent car dealership, has made a surprising pivot by investing $256 million into Bitcoin mining. This hefty investment was used to acquire substantial mining power from Bitmain Technologies, positioning Cango as a significant force in the cryptocurrency mining world. Despite […]
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