Cango
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🇺🇸 Trump slams Powell for refusing to cut rates, says Fed board should take over if no action is taken
🏛️ Andreessen Horowitz urges revision of crypto legislation, opposes use of “ancillary asset” as regulatory basis
🇬🇧 UK’s FCA to allow retail investment in crypto ETNs starting October 8
🇰🇷 Samsung Securities raises target prices for Kakao Pay and NHN KCP, citing strong stablecoin prospects
⛏️ Cango mined 142.8 $BTC BTC this week, total holdings now exceed 4,500 $BTC
#TRUMP #Powell #a16z #CryptoRegulation #FCA #Stablecoin #Bitcoin #Cango #Web3News
🇺🇸 Trump slams Powell for refusing to cut rates, says Fed board should take over if no action is taken
🏛️ Andreessen Horowitz urges revision of crypto legislation, opposes use of “ancillary asset” as regulatory basis
🇬🇧 UK’s FCA to allow retail investment in crypto ETNs starting October 8
🇰🇷 Samsung Securities raises target prices for Kakao Pay and NHN KCP, citing strong stablecoin prospects
⛏️ Cango mined 142.8 $BTC BTC this week, total holdings now exceed 4,500 $BTC
#TRUMP #Powell #a16z #CryptoRegulation #FCA #Stablecoin #Bitcoin #Cango #Web3News
Cango Becomes a Bitcoin Miner and Launches an Exclusive Club: Boosts Treasury with an EHS Plan
📅 July 25, 2025 | Toronto, Canada
Tech firm Cango, traditionally known for its focus on renewable energy solutions and industrial sustainability, has just entered the Bitcoin mining industry and announced the creation of an exclusive members-only club called the EHS Club, as reported by The Block.
The move marks a strategic shift: Cango will not only mine BTC with clean energy, but will also use part of the rewards to strengthen its corporate treasury, offering benefits to those who join its new community of investors and crypto enthusiasts.
What is the EHS Club and how does it work?
The EHS Club—an acronym that stands for Energy, Hashrate & Sustainability—will be a closed membership program where:
🔹 Members will have access to exclusive mining reports and investment returns.
🔹 A portion of the BTC mining rewards will be distributed as incentives or dividends for premium members.
🔹 Cango plans to tokenize access to certain club benefits, linking hashrate and sustainability to DeFi products.
In the CEO's words:
"We want to demonstrate that Bitcoin mining can be part of a sustainable and profitable business model, driven by the community."
Why does it matter?
This move combines three powerful trends:
✅ Bitcoin mining with renewable energy, key to cleaning up the industry's reputation.
✅ The concept of a Bitcoin treasury as a corporate reserve, similar to what MicroStrategy, Smarter Web, or Bit Digital already do.
✅ The creation of tokenized clubs and communities that build user loyalty with direct profit sharing.
Cango's plan is to attract both ESG (environmental, social, governance) investors and crypto enthusiasts seeking exposure to BTC without operating mines of their own.
Keys to the Strategy
Location: Canada, where renewable resources are abundant.
Goal: Become carbon neutral with mining powered by hydroelectric and wind power.
Treasury: A portion of mined BTC will be retained as a strategic reserve.
Club: Limited access with NFT membership and participation in expansion decisions.
Data that paints the picture
Target hashrate: 150 MW operational by Q1 2026. Projected BTC in treasury: ~2,000 BTC in 12 months.Initial EHS Club community: 5,000 founding members.
Topic opinion:
Personally, I think Cango plays its cards well: it combines an ESG (clean energy) narrative with a Bitcoin treasury and a tokenized community, three pillars that today's investors want to see.
In the midst of a race to prove that BTC mining can be green and socially responsible, a club like EHS combines community, incentives, and real-time transparency.
If executed well, they could become a case study for other energy companies looking to diversify revenue by mining BTC without tarnishing their environmental reputation.
💬 Would you join a tokenized club that distributes BTC as rewards?
Leave your comment...
#bitcoin #Cango #Mining #CryptoNews #Sustainability $BTC
Tech firm Cango, traditionally known for its focus on renewable energy solutions and industrial sustainability, has just entered the Bitcoin mining industry and announced the creation of an exclusive members-only club called the EHS Club, as reported by The Block.
The move marks a strategic shift: Cango will not only mine BTC with clean energy, but will also use part of the rewards to strengthen its corporate treasury, offering benefits to those who join its new community of investors and crypto enthusiasts.
What is the EHS Club and how does it work?
The EHS Club—an acronym that stands for Energy, Hashrate & Sustainability—will be a closed membership program where:
🔹 Members will have access to exclusive mining reports and investment returns.
🔹 A portion of the BTC mining rewards will be distributed as incentives or dividends for premium members.
🔹 Cango plans to tokenize access to certain club benefits, linking hashrate and sustainability to DeFi products.
In the CEO's words:
"We want to demonstrate that Bitcoin mining can be part of a sustainable and profitable business model, driven by the community."
Why does it matter?
This move combines three powerful trends:
✅ Bitcoin mining with renewable energy, key to cleaning up the industry's reputation.
✅ The concept of a Bitcoin treasury as a corporate reserve, similar to what MicroStrategy, Smarter Web, or Bit Digital already do.
✅ The creation of tokenized clubs and communities that build user loyalty with direct profit sharing.
Cango's plan is to attract both ESG (environmental, social, governance) investors and crypto enthusiasts seeking exposure to BTC without operating mines of their own.
Keys to the Strategy
Location: Canada, where renewable resources are abundant.
Goal: Become carbon neutral with mining powered by hydroelectric and wind power.
Treasury: A portion of mined BTC will be retained as a strategic reserve.
Club: Limited access with NFT membership and participation in expansion decisions.
Data that paints the picture
Target hashrate: 150 MW operational by Q1 2026. Projected BTC in treasury: ~2,000 BTC in 12 months.Initial EHS Club community: 5,000 founding members.
Topic opinion:
Personally, I think Cango plays its cards well: it combines an ESG (clean energy) narrative with a Bitcoin treasury and a tokenized community, three pillars that today's investors want to see.
In the midst of a race to prove that BTC mining can be green and socially responsible, a club like EHS combines community, incentives, and real-time transparency.
If executed well, they could become a case study for other energy companies looking to diversify revenue by mining BTC without tarnishing their environmental reputation.
💬 Would you join a tokenized club that distributes BTC as rewards?
Leave your comment...
#bitcoin #Cango #Mining #CryptoNews #Sustainability $BTC
See original
🚗💥 Chinese Cango shifts gears to Bitcoin! 💰🔧
Wow, crypto enthusiasts! The Chinese company Cango, previously known as a car service provider, has hit the brakes... to take the wheel of Bitcoin mining! 🤯
They sold their automotive business for $352 million and are now completely changing direction: welcome to the world of blockchain! 🧠📦
💼 The new owner of the old business is the giant Bitmain, which, in turn, will not stand aside and will transfer Cango a colossal 32 EH/s of mining power. This is not just an entry into the industry — it's an instant VIP mining pass on autopilot! 🚀🖥️
📊 Such a deal is a clear signal: major players in China are once again interested in Bitcoin, and this time — with full seriousness. Cango essentially said:
"Cars are cool, but hash rate is cooler!" 😎⚡
Are you ready for such turns?
More stories about unexpected crypto transformations are already on the way! Subscribe and don't miss a single block! 🧱🧠
#Bitcoin
#CryptoMining
#Bitmain
#Cango
#BlockchainNews
Wow, crypto enthusiasts! The Chinese company Cango, previously known as a car service provider, has hit the brakes... to take the wheel of Bitcoin mining! 🤯
They sold their automotive business for $352 million and are now completely changing direction: welcome to the world of blockchain! 🧠📦
💼 The new owner of the old business is the giant Bitmain, which, in turn, will not stand aside and will transfer Cango a colossal 32 EH/s of mining power. This is not just an entry into the industry — it's an instant VIP mining pass on autopilot! 🚀🖥️
📊 Such a deal is a clear signal: major players in China are once again interested in Bitcoin, and this time — with full seriousness. Cango essentially said:
"Cars are cool, but hash rate is cooler!" 😎⚡
Are you ready for such turns?
More stories about unexpected crypto transformations are already on the way! Subscribe and don't miss a single block! 🧱🧠
#Bitcoin
#CryptoMining
#Bitmain
#Cango
#BlockchainNews
See original
#MEMEAct
Cango adds Bitcoin mining to its investment portfolio
Strategic move
Chinese company Cango, specialized in automotive technology, has announced its entry into the Bitcoin mining sector as part of its diversification of digital assets.
Its new goal
Cango aims to enhance its revenues by expanding its mining operations, leveraging the existing energy infrastructure in China.
The market is watching
This move positions Cango among a group of non-tech companies that are turning to cryptocurrencies, opening the door to a new wave of institutional adoption.
#CangoBitcoin #BitcoinChina #DigitalAssets #BTCMining
#Cango #Crypto #CryptoMining #BTCMiningRevenue
Cango adds Bitcoin mining to its investment portfolio
Strategic move
Chinese company Cango, specialized in automotive technology, has announced its entry into the Bitcoin mining sector as part of its diversification of digital assets.
Its new goal
Cango aims to enhance its revenues by expanding its mining operations, leveraging the existing energy infrastructure in China.
The market is watching
This move positions Cango among a group of non-tech companies that are turning to cryptocurrencies, opening the door to a new wave of institutional adoption.
#CangoBitcoin #BitcoinChina #DigitalAssets #BTCMining
#Cango #Crypto #CryptoMining #BTCMiningRevenue
See original
⚙️ Chinese car dealer Cango Inc. invests $256 million in Bitcoin mining
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
Shanghai's car dealer Cango Inc. announced an investment of $256 million into the Bitcoin mining sector, having directly purchased 32 EH/s of Bitcoin mining hash rate from Bitmain Technologies, making them a new player in the global mining scene.
As early as November, Cango showcased their strength by mining 363 Bitcoins, valued at approximately $36 million. This significantly elevated their position in the global mining community, making them one of the top participants worldwide.
Cango's rapid growth in mining business is mainly due to their strategic acquisitions. The mining machines purchased from Bitmain are hosted in Georgia, USA, and they have signed an 18-month hosting contract. This way, they don’t have to worry about maintaining the data center and can focus on mining.
Although China banned cryptocurrency mining in May 2021, some experts estimate that Chinese mining pools still control 55% of the global Bitcoin hash rate.
Cango also plans to buy another 18 EH/s of computing power from Golden TechGen by the end of March 2025, which could bring their total hash rate to 50 EH/s, potentially allowing them to compete on equal footing with industry giants like Marathon Digital Holdings.
There is speculation that the hardware Cango purchased may be Bitmain's Antminer S19X, which is competitively priced at $8 per TH/s.
With Bitcoin prices hovering around $100,000, Cango's timing in entering the cryptocurrency field seems well-timed. Although this is a far cry from their original identity as an automotive trading service provider, it is indeed proof of their continuous self-reinvention.
Cango's stock price also surged significantly due to this news, rising from $3.41 to $6.91, with market capitalization increasing to $500 million. It seems that their Bitcoin mining business may become a major source of income in the short term.
💬 Do you think Cango's entry into Bitcoin mining is a wise move or a speculative risk? Leave your thoughts and opinions in the comments!
#比特币挖矿 #Cango #加密货币投资
⚡️ BREAKING: Chinese NYSE-listed company goes big on Bitcoin! 🇨🇳
#Cango Inc. just acquired 472 $BTC , pushing its total holdings to 1,944 BTC.
That’s a strong statement from a traditional finance player.
Why does this matter?
✅ More corporate adoption = Growing institutional confidence
✅ Fewer BTC on the market = Increased scarcity
✅ Bitcoin’s narrative as a reserve asset keeps getting stronger
Are we about to see a wave of Chinese firms jumping into BTC?
What’s your take? 👇
#Bitcoin #CryptoAdoption #China
#Cango Inc. just acquired 472 $BTC , pushing its total holdings to 1,944 BTC.
That’s a strong statement from a traditional finance player.
Why does this matter?
✅ More corporate adoption = Growing institutional confidence
✅ Fewer BTC on the market = Increased scarcity
✅ Bitcoin’s narrative as a reserve asset keeps getting stronger
Are we about to see a wave of Chinese firms jumping into BTC?
What’s your take? 👇
#Bitcoin #CryptoAdoption #China
🤑 In April, public mining companies sold around 70% of the #BTC they mined — the highest level since October 2024.
#Riot and #CleanSpark ditched their HODL strategy and sold off most of their mined coins, while #MARA, #Cango , and #BitFuFu held onto everything.
The reason?
Mining profitability has dropped due to increased network difficulty, despite BTC trading above $100,000.
#Riot and #CleanSpark ditched their HODL strategy and sold off most of their mined coins, while #MARA, #Cango , and #BitFuFu held onto everything.
The reason?
Mining profitability has dropped due to increased network difficulty, despite BTC trading above $100,000.
See original
Chinese Cango Bursts into the Top Bitcoin Miners! 🚗⚡💎
Who would have thought that a company specializing in automotive services would take third place among the largest Bitcoin miners in the world?! 😲 But that's exactly what happened to Cango.
The company's plans are impressive:
💰 Spend $400 million to purchase Antminer S19 XP.
⛏️ Increase the hashrate to Marathon level (total +18 EH/s).
This is not just a step, but a real leap into the crypto industry! 🚀
Why is this important?
1️⃣ China is returning to the crypto game despite regulations. 🌏
2️⃣ Competition among large miners is heating up. 🔥
3️⃣ Cango shows that business diversification is the future. 🔄
Maybe in the future we will see car companies become leaders of the crypto market? 🚘🪙 Share your thoughts in the comments! 💬👇
#BitcoinMining
#CryptoNews
#Cango
#BlockchainPower
$BTC
Who would have thought that a company specializing in automotive services would take third place among the largest Bitcoin miners in the world?! 😲 But that's exactly what happened to Cango.
The company's plans are impressive:
💰 Spend $400 million to purchase Antminer S19 XP.
⛏️ Increase the hashrate to Marathon level (total +18 EH/s).
This is not just a step, but a real leap into the crypto industry! 🚀
Why is this important?
1️⃣ China is returning to the crypto game despite regulations. 🌏
2️⃣ Competition among large miners is heating up. 🔥
3️⃣ Cango shows that business diversification is the future. 🔄
Maybe in the future we will see car companies become leaders of the crypto market? 🚘🪙 Share your thoughts in the comments! 💬👇
#BitcoinMining
#CryptoNews
#Cango
#BlockchainPower
$BTC
June 4 – From Pakistan’s Bitcoin reserve to South Korea’s pro-crypto president and California’s crypto bill—global crypto momentum is heating up.
#CryptoNews #Bitcoin #PakistanCrypto #LeeJaeMyung #CaliforniaCrypto #TrumpCoin #MetaAI #Cango #BTCmining #Web3Updates
#CryptoNews #Bitcoin #PakistanCrypto #LeeJaeMyung #CaliforniaCrypto #TrumpCoin #MetaAI #Cango #BTCmining #Web3Updates
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