Cango acquires 18 EH/s of Bitcoin mining power, total hash power surpasses 50 EH/s

According to reports from Wu Shuo, Cango announced that it has acquired 18 EH/s of Bitcoin mining power from Bitmain affiliate Antalpha, bringing its total hash power to over 50 EH/s. Cango becomes the third publicly listed mining company to reach this scale, following MARA and CleanSpark. The transaction was completed through the issuance of approximately 146.7 million shares, with the equipment now operational in the United States and multiple sellers collectively holding 41.38%.