According to ChainCatcher, NYSE-listed car dealership platform Cango announced that it has spent $256 million to purchase Bitcoin miners with a computing power of 32 EH/s from Bitmain.
Additionally, Cango has agreed to acquire additional rack-mounted Bitcoin miners with a total computing power of 18 EH/s by issuing $144 million in common stock, from Golden TechGen (a company under former Bitmain CFO Max Hua) and other entities.
Earlier this month, Cango reported that in November it produced 363.9 BTC with a deployed computing power of 32 EH/s, without liquidating any assets. This production made Cango the fifth-largest publicly traded Bitcoin mining company by realized computing power and the third-largest by deployed computing power.
