According to ChainCatcher, Cango, a car dealership platform listed on the New York Stock Exchange, announced that it has spent $256 million to purchase Bitcoin mining machines with a computing power of 32 EH/s from Bitmain.
In addition, Cango has agreed to acquire additional rack-mounted Bitcoin mining machines with a total computing power of 18 EH/s by issuing $144 million worth of common stock, from Golden TechGen (a company owned by Bitmain's former CFO Max Hua) and other entities.
Earlier this month, Cango reported that in November, it produced 363.9 BTC with a deployed computing power of 32 EH/s, without liquidating any assets. This production made Cango the fifth largest publicly listed Bitcoin mining company by realized computing power and the third largest by deployed computing power.
