In silence, a new giant of Bitcoin mining was born

Cango, a Chinese automotive services company, started mining BTC in November and is already the third public company with the highest hashrate.

In November 2024, this company managed to mine 367 BTC of which it did not sell any.

Cango, a Chinese platform that offers automotive transaction services and is listed on the New York Stock Exchange, has decided to integrate Bitcoin (BTC) mining into its business model.

Given the processing power (hashrate) achieved by this company, it is now ranked as the third public company with the highest hashrate currently, according to Hashrate Index data.