Canaan builds up bitcoin mining in quest to emerge from crypto no man’s land
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling Key Takeaways: Canaan…
NEWS WRAP: Cango agrees to sell China-based business
The $352 million sale could pave the way for a Singapore-linked entity to take control of Cango as it transitions from car trader to bitcoin miner By Doug Young…
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…
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