🚗💰 Cango Steers into Bitcoin Mining! 🚀

Shanghai's Cango Inc. has made a bold shift from cars to crypto, investing a whopping $256 million in Bitcoin mining power! With 32 EH/s from Bitmain, Cango is now the fifth-largest public BTC miner by hashrate. In November alone, they mined 363 BTC, worth $36 million, without selling any assets. Impressive!

🏆 Cango's Crypto Climb

This strategic pivot positions Cango as a major player, accounting for 4% of daily BTC mining. Despite China's mining ban, Cango's U.S.-hosted operations thrive, with plans to boost hashrate to 50 EH/s by 2025. As BTC prices soar, Cango's venture seems perfectly timed, marking a new era for the former auto dealer. 🚀