Cango Inc. Quietly Becomes One of the Largest Bitcoin Miners.

Cango Inc., a Chinese automotive transaction platform listed on the NYSE, has quietly transformed into one of the largest Bitcoin miners. The company recently acquired 32 exahashes per second (EH/s) of Antminer ASICs for $256 million and plans to add an additional 18 EH/s, bringing its total to 50 EH/s. This move positions Cango on par with Marathon Digital Holdings (MARA), the largest Bitcoin miner in the United States.