Video podcast: Cango to build on bitcoin mining foundation with HPC pivot
Cango details the strategic pivot to transform from a pure-play crypto miner into an integrated energy and high-performance computing (HPC) platform. The multi-phase strategy leverages Cango's existing energy and computing infrastructure as a foundation to build a more diverse business model with revenues from mining, AI client services, and energy trading.
Cango sets stage for next growth phase as bitcoin competition heats up
The bitcoin miner outlined plans to diversify into operation of high-performance computing centers over the mid- to long-term Key Takeaways: Cango reported 1 billion yuan in revenue during the second…
INTERVIEW: Cango maps out future path as bitcoin miner
The company recently completed the first phase of its transformation from auto trader to bitcoin miner with its acquisition of additional machines with 18 EH/s of capacity By Doug…
BRIEF: DMall prepares to apply for stablecoin license, stock soars
Retail software services provider DMall Inc. (2586.HK) announced on Thursday that it is preparing to apply for a Hong Kong stablecoin license, and has already purchased bitcoin in the public…
China Renaissance banks on cryptocurrencies to revive its fortunes
The investment bank plans to spend $100 million on digital assets as it struggles to boost its business in a weak Chinese economy Key Takeaways: China Renaissance plans to invest…
Cango’s ownership, board take shape as bitcoin mining transformation nears completion
The company will be controlled by two asset managers tied to Singapore’s Antalpha Ventures, while Cango’s co-founders’ voting rights will drop to 12.07% Key Takeaways: Enduring Wealth, a company tied…
Cango’s crypto makeover advances with sale of its China business
The move could pave the way for the former car trader to relocate its headquarters outside the Chinese Mainland, with Singapore, Hong Kong and the U.S. as possible destinations Key…
