Deep Tide TechFlow News, on December 18, according to TheMinerMag, Shanghai-based automotive trading service platform Cango (NYSE: CANG) spent $256 million to acquire Bitcoin mining machines with a computing power of 32 EH/s from Bitmain, and stated that the mining output in November was 393 BTC.

In addition, Cango also agreed to acquire additional rack-mounted Bitcoin mining machines with a total hash rate of 18 EH/s by issuing $144 million worth of Cango common stock from Golden TechGen (a company owned by former Bitmain CFO Max Hua) and other entities.