NEWS WRAP: Investor approaches Cango for control of the company
The car trader that recently shifted to bitcoin mining said a group wants to buy a controlling stake from Cango’s co-founders By Doug Young Cango Inc. (CANG.US) said on…
Cango gets crypto jolt back to revenue growth, profitability
The company, whose main business was previously auto trading, said its revenue skyrocketed in the fourth quarter after its move into bitcoin mining Key Takeaways: Cango’s revenue rose more than…
BRIEF: Cango mines 569.9 bitcoins in December
Auto trader Cango Inc. (CANG.US) said on Thursday it mined 569.9 bitcoins in December, its first full month of mining the cryptocurrency following its move into the sector a month…
Its bitcoin bet behind it, can Meitu find sustained profits in its beauty business?
The beauty software maker has sold all its cryptocurrency holdings and plans to use the profits for business development and a special dividend Key Takeaways: Meitu has sold off the…
Cango’s latest pivot uncovers gold in bitcoin mining
The auto trader is making a huge bet on cryptocurrency, mining more than 4% of the world’s bitcoin output since it entered the business in November Key Takeaways: Cango has…
BRIEF: Canaan receives major crypto mining machine order
Cryptocurrency mining machine maker Canaan Inc. (CAN.US) said on Thursday it signed a major new order with AGM Group Holdings Inc. for models from its Avalon A15 series. Under the deal,…
BRIEF: Cango mines 363.9 bitcoins in its first month of cryptocurrency mining
Cango Inc. (CANG.US) said on Thursday it mined 363.9 bitcoins in November, the first full month for such activity after its decision to diversify beyond its core car-trading business into…
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