Cango (NYSE: CANG), a Shanghai-headquartered automotive transaction service platform, has acquired 32 EH/s of hashrate from Bitmain for $256 million as part of a Bitcoin mining pivot and has already reported the production of 393 BTC in November. Cango’s share price rose from $3.41 in mid-November to $6.91 as of Tuesday, giving it a market capitalization of $500 million.