PANews August 11 news, according to PRNewswire, Cango Inc. (NYSE: CANG) announced the acquisition of an operational 50-megawatt Bitcoin mine in Georgia, USA for $19.5 million in cash. This acquisition signifies Cango's formal entry into self-owned mining operations, with plans to allocate 30 megawatts for self-operated Bitcoin mining and 20 megawatts for third-party hosting services. The company stated that this will serve as a foundation to gradually expand its high-performance computing (HPC) energy supply business, enhancing operational efficiency and financial resilience. Cango currently has cryptocurrency asset operations in North America, the Middle East, South America, and East Africa.
