Cango Sheds Chinese Operations In Pivot To Global Bitcoin Mining

Cango Inc. (NYSE:CANG) has sharpened its focus on cryptocurrency mining through a sweeping overhaul of its operations, ownership, and leadership.

The Hong Kong-based firm exited its legacy business in mainland China, added new shareholders, and scaled up its Bitcoin (CRYPTO: BTC/USD) mining capacity via a major acquisition.

The changes reposition Cango as a more nimble and better-capitalized competitor in the evolving global crypto industry.

Also Read: Peter Schiff Left Unfazed As Bitcoin Spikes Above $110,000, Doesn’t Agree His Legacy Is Destroyed: ‘I’ll Eventually Be Proven Right’

On May 27, 2025, Cango sold its China-based businesses to Ursalpha Digital Limited for about $352 …

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