Wu Blockchain (@WuBlockchain): Cango (NYSE: CANG), a Shanghai-headquartered automotive transaction service platform, has acquired 32 EH/s of hashrate from Bitmain for $256 million a…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- BTC+85Positive
Cango (NYSE: CANG), a Shanghai-headquartered automotive transaction service platform, has acquired 32 EH/s of hashrate from Bitmain for $256 million as part of a Bitcoin mining pivot and has already reported the production of 393 BTC in November. Cango’s share price rose from $3.41 in mid-November to $6.91 as of Tuesday, giving it a market capitalization of $500 million. theminermag.com/news/2024-12-1…