According to minermag, the Shanghai-based automotive trading service platform Cango acquired 32 EH/s of computing power from Bitmain for $256 million and reported a yield of 393 BTC in November. Cango also agreed to acquire additional Bitcoin mining machines with a total computing power of 18 EH/s from Golden TechGen (a company under former Bitmain CFO Max Hua) and other entities by issuing common shares of Cango valued at $144 million.