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…
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: 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…
A Travel IPO and a Plan to Export Used Chinese Cars
Huoli could become China's first online travel agent to list in quite some time. And auto trader Cango is trying to export used Chinese cars. By Doug Young & Rene…
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