Cango enters BTC mining and may become one of the largest miners in the world🚩🚩🚩
The automotive trading service provider Cango is entering the Bitcoin mining sector in November, investing $400 million to acquire 50 EH/S of computing power, immediately becoming one of the largest miners in the world.
Bitcoin's computing power currently hovers around 823 EH/S, and once Cango's 50 EH/S is fully online, it will provide about 6% of the computing power behind Bitcoin.
For reference, the largest publicly traded miner, MARA Holdings (MARA), has slightly over 47 EH/S of computing power, while the second largest, CleanSpark (CLSK), and Riot Platforms (RIOT) have 32 EH/S and 26 EH/S, respectively.
Elon Musk-themed puppies 𝗽𝘂𝗽𝗽𝗶𝗲𝘀 have great potential in the future and are worth watching!