Shanghai-based car dealer Cango Inc. surprised everyone by switching to Bitcoin mining! 🚗💰 The company acquired 32 EH/s from Bitmain for $256 million and mined 363 BTC in November without selling a single asset. This makes it the fifth-largest publicly traded mining company in the world.

Cango is expanding its horizons with strategic acquisitions. Despite the mining ban in China, the company has signed a contract to host its equipment in the US.