Cango Inc. has recently made significant strides in the Bitcoin mining sector, resulting in a 280% surge in its stock price📈! Founded in 2010, this company originally provided a digital platform for auto loans, but has now gained attention for its entry into the cryptocurrency market. Last month, Cango purchased 32 EH/s of Bitcoin mining machines from Bitmain and successfully mined 363.9 BTC in November.

However, with the rise in stock price, two board members plan to sell approximately $2.07 million worth of company shares on December 20. CEO Jiayuan Lin and director Zhipeng Song will sell 100,000 and 200,000 shares respectively💰. This news has drawn market attention, but the future impact on Cango remains to be seen.