Deep Tide TechFlow News, August 12, according to Prnewswire, Cango Inc. (NYSE: CANG) announced the acquisition of an operational 50-megawatt mining facility in Georgia, USA for $19.5 million in cash. The facility will allocate 30 megawatts for self-mining operations and 20 megawatts for third-party hosting services.

This acquisition is a significant step for Cango's entry into the Bitcoin mining and energy infrastructure sector. The facility is equipped with complete mining infrastructure and supporting facilities, which helps the company establish autonomous operational capabilities. Cango plans to build on this foundation and gradually develop towards high-performance computing (HPC) energy supply, expanding the long-term application value of the mining facility.