{"id":31104,"date":"2025-06-10T12:31:31","date_gmt":"2025-06-10T12:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31104"},"modified":"2025-06-10T12:31:31","modified_gmt":"2025-06-10T12:31:31","slug":"cango-sheds-chinese-operations-in-pivot-to-global-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31104","title":{"rendered":"Cango Sheds Chinese Operations In Pivot To Global Bitcoin Mining"},"content":{"rendered":"<div>\n<p><strong>Cango Inc.<\/strong> (NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/CANG#NYSE\">CANG<\/a>) has sharpened its focus on cryptocurrency mining through a sweeping overhaul of its operations, ownership, and leadership.<\/p>\n<p>The Hong Kong-based firm <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/pressreleases\/25\/06\/n45855184\/cango-inc-accelerates-strategic-transformation-into-global-bitcoin-mining-with-divestiture-of-prc-\" rel=\"noreferrer noopener\">exited its legacy business<\/a> in mainland China, added new shareholders, and scaled up its <strong>Bitcoin<\/strong> (CRYPTO: BTC\/USD) mining capacity via a major acquisition.<\/p>\n<p>The changes reposition Cango as a more nimble and better-capitalized competitor in the evolving global crypto industry.<\/p>\n<p><strong><em>Also Read: <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/\/node\/45852628\" rel=\"noreferrer noopener\">Peter Schiff Left Unfazed As Bitcoin Spikes Above $110,000, Doesn\u2019t Agree His Legacy Is Destroyed: \u2018I\u2019ll Eventually Be Proven Right\u2019<\/a><\/em><\/strong><\/p>\n<p>On May 27, 2025, Cango <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/pressreleases\/25\/05\/n45615039\/cango-inc-announces-closing-of-prc-business-disposal-and-certain-changes-to-board-of-directors-and\" rel=\"noreferrer noopener\">sold<\/a> its China-based businesses to <strong>Ursalpha Digital Limited<\/strong> for about $352 &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/asset-sales\/25\/06\/45857964\/cango-sheds-chinese-operations-in-pivot-to-global-bitcoin-mining\" alt=\"Cango\" sheds chinese operations in pivot to global bitcoin mining>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-31104","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31104"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31104\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}