According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate. Stealth Hashrate: Cango’s Surprising Crypto Pivot There’s a publicly listed Chinese car company called Cango that has shifted gears from automotive financing and car trading... The post From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant app…

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From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant

Cango Inc., a Shanghai-based automotive transaction service platform, announced that it had completed the $256M cash-settled acquisition of on-rack crypto mining machines with 32 EH/s of hashrate from Bitmain. The company had previously announced this acquisition on November 6, together with the proposed $144M share-settled acquisition of additional on-rack mining machines with 18 EH/s of hashrate from Golden TechGen. Cango specifically bought t…

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Cango Inc. acquires 32EH/s Bitcoin miners from Bitmain for $256 million

According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate. Stealth Hashrate: Cango’s Surprising Crypto Pivot There’s a publicly listed Chinese car company called Cango that has shifted gears from automotive financing and car trading…

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According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate. Stealth Hashrate: Cango’s Surprising Crypto Pivot There’s a publicly listed Chinese car company called Cango that has shifted gears from automotive financing and car trading […]

Kryptonite to Crypto - All Explained

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According to a report from Blockspace Media, there’s a new entity on the block that has quietly climbed to become the third-largest publicly listed mining firm in terms of hashrate. Stealth Hashrate: Cango’s Surprising Crypto Pivot There’s a publicly listed Chinese car company called Cango that has shifted gears from automotive financing and car trading […]  Read Entire Article  The post From Chinese Car Firm to Crypto: Cango Quietly Becomes a B…

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From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant - Coin Surges

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From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant - Invest In Crypto News

Cango, a Chinese automotive service company, began mining BTC in November and is already the third largest public hashrate company. Read more

Cango, una empresa china de servicios automotrices, comenzó a minar BTC en noviembre y ya es la tercera compañía pública de mayor hashrate.  Leer más

En silencio, nació un nuevo gigante de la minería de Bitcoin

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Quietly, a new giant of Bitcoin mining was born

Click here to support No Bullshit Bitcoin.According to a report by Blockspace Media, the company purchased Bitmain’s on-rack miners, keeping Bitmain as the colocation provider. The 32 EH/s hashing power includes active units at Bitmain’s U.S. facilities, likely in Georgia. Under the agreement, Cango will host the ASICs at Bitmain sites for 18 months, allowing facility owners to purchase them.Additionally, Cango plans to obtain 18 EH/s from Golde…

From Chinese Car Firm to Crypto: Cango Quietly Becomes a Bitcoin Mining Giant

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