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$100M in 60 Days?! Cango’s Bitcoin Mining Boom
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Cango Sheds Chinese Operations In Pivot To Global Bitcoin Mining
Cango Inc. (NYSE:CANG) has sharpened its focus on cryptocurrency mining through a sweeping overhaul of its operations, ownership, and leadership. The Hong Kong-based firm exited its legacy business in mainland China, added new shareholders, and scaled up its Bitcoin (CRYPTO: BTC/USD) mining capacity via a major acquisition. The changes reposition Cango as a more nimble and better-capitalized competitor in the evolving global crypto industry. Als…
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