According to minermag, Shanghai-based automobile trading service platform Cango has acquired 32 EH/s of computing power from Bitmain for $256 million and reported its production to be 393 BTC in November. Cango also agreed to acquire additional Bitcoin mining machines with a total computing power of 18 EH/s from Golden TechGen (a company under Max Hua, former CFO of Bitmain) and other entities by issuing $144 million worth of Cango common stock.