Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
Cango has completed its previously announced acquisition of 18 EH/s of active bitcoin hashrate from Bitmain’s financial services affiliate, Antalpha, pushing its total installed hashrate to 50 EH/s.
This latest transaction follows Cango’s 2024 acquisition of 32 EH/s of on-rack hashrate from Bitmain—a key step in its pivot away from auto finance and toward becoming a publicly traded mining proxy for Bitmain. With more than 50 EH/s now under management, Cango becomes the third publicly listed Bitcoin mining operator—after MARA and CleanSpark—to cross that milestone, underscoring its rapid emergence in the mining sector.
