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Cango

A collection of 2 posts
Chinese Firm Cango Sells Auto Division for $351.94 Million to Boost Bitcoin Mining
Bitcoin Mining

Chinese Firm Cango Sells Auto Division for $351.94 Million to Boost Bitcoin Mining

On April 3, 2025, Cango Inc., a Chinese company listed on the NYSE as CANG, revealed plans to sell its China based auto business for $351.94 million in cash. This deal, which kicks off with a $210.64 million payment at closing and follows with additional sums based on
04 Apr 2025 2 min read
Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining
Bitcoin Mining

Chinese Car Dealership Cango Makes $256 Million Investment into Bitcoin Mining

In a bold move that underscores the shifting corporate strategy, Shanghai's own Cango Inc., traditionally known for its automotive transactions, has plunged into the murky, yet lucrative waters of Bitcoin mining with a hefty investment of $256 million. Cango's Strategic Shift into Cryptocurrency The company has
21 Dec 2024 2 min read
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