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…
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…
Cango takes ‘Mine and Hold’ strategy in its young bitcoin business
The auto trader-turned-bitcoin miner has minted 2,944.8 bitcoins since entering the business last November, but has yet to sell any of those despite recent market volatility Key Takeaways: Cango owned…
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…
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