Cango Appoints Antalpha Founder as Chairman, Completes Full Transition to Bitcoin Mining

Cango has officially completed its transformation from an automotive trading platform into a full-fledged Bitcoin mining company, along with a major restructuring of its board and executive team. Xin Jin, Founder and CEO of Antalpha, has been appointed Chairman of the Board, further strengthening the company’s ties with Bitmain. Antalpha, a financial services platform backed by Bitmain, also sees its former Chief Strategy Officer, Peng Yu, step in as Cango's new CEO. Several other board members with Antalpha backgrounds have joined as well. Cango currently holds over 4,000 BTC.

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