BlockBeats news, on December 18, according to TheMinerMag, Shanghai-based car trading service platform Cango purchased mining machines from Bitmain for $256 million as part of its transformation into Bitcoin mining, and reported a production of 393 Bitcoins in November.
The company is listed on the NYSE. As of Tuesday, Cango's stock price has risen from $3.41 in mid-November to $6.91, with a market capitalization of $500 million.
