Cango to Offload Chinese Assets for $352M, Eyes Bitcoin Mining Growth
Submitted by Anonymous (not verified) on Thu, 04/03/2025 - 17:50
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon […]