According to ChainCatcher, Cango, a NYSE-listed auto dealer platform, announced that it has spent $256 million to purchase a Bitcoin mining machine with a computing power of 32 EH/s from Bitmain.
In addition, Cango agreed to acquire additional rack-mounted bitcoin mining machines totaling 18 EH/s of computing power from Golden TechGen and other entities by issuing $144 million worth of common stock.
Earlier this month, Cango reported producing 363.9 BTC in November with a deployed hashrate of 32 EH/s, making it the fifth-largest listed Bitcoin miner by realized hashrate and the third-largest by deployed hashrate.
