CoinVoice recently learned that the NYSE-listed automotive dealer platform Cango announced it has spent $256 million to purchase Bitcoin mining machines with a hashrate of 32 EH/s from Bitmain.
In addition, Cango has agreed to acquire additional rack-mounted Bitcoin mining machines with a total hashrate of 18 EH/s by issuing $144 million in common stock to 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 hashrate of 32 EH/s, without liquidating any assets. This output makes Cango the fifth largest publicly-listed Bitcoin mining company by realized hashrate and the third largest by deployed hashrate. [Original link]
