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Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen
CANG

Cango Finalizes 18 EH/s Mining Acquisition, Surpasses 50 EH/s as Antalpha Ties Deepen

Cements its role as Bitmain’s public mining proxy through Antalpha

June 27, 2025
Cango Set to Add 18 EH/s Bitcoin Hashrate by July, Approves $352M Sale
CANG

Cango Set to Add 18 EH/s Bitcoin Hashrate by July, Approves $352M Sale

Q1 fleet hashcost implies Bitmain's energy rate of $0.0758/kWh

May 19, 2025
Cango Exits Auto Business in $352M Deal to Mine Bitcoin for Bitmain’s Antalpha
CANG

Cango Exits Auto Business in $352M Deal to Mine Bitcoin for Bitmain’s Antalpha

Bitmain is poised to take its Bitcoin mining assets into the public market

April 3, 2025
Cango Extends Deadline on 18 EH/s Bitcoin Miner Deal Amid Takeover Talks
CANG

Cango Extends Deadline on 18 EH/s Bitcoin Miner Deal Amid Takeover Talks

Cango is currently the fourth largest public Bitcoin mining company

March 27, 2025
Cango Poised to Become Bitcoin Mining Proxy for Bitmain
CANG

Cango Poised to Become Bitcoin Mining Proxy for Bitmain

Cango mined 473 BTC with a realized hashrate of 29.56 EH/s

March 17, 2025
Tencent Indirectly Exposed to Bitcoin via 15.6% Stake in Cango’s Mining Pivot
CANG

Tencent Indirectly Exposed to Bitcoin via 15.6% Stake in Cango’s Mining Pivot

Cango mined 538 BTC in January with a realized hashrate of 29.89 EH/s

February 12, 2025
Miner Weekly: Bitcoin Mining Has Never Been This Transparent
CANG

Miner Weekly: Bitcoin Mining Has Never Been This Transparent

These companies collectively account for nearly 35% of global production

January 9, 2025
Miner Weekly: Bitcoin’s Energy Consumption May Plateau by Next Halving
CANG

Miner Weekly: Bitcoin’s Energy Consumption May Plateau by Next Halving

At least according to these data estimates

December 26, 2024
Miner Weekly: A $400M Bitcoin Mining Pivot and 290% Rally
CANG

Miner Weekly: A $400M Bitcoin Mining Pivot and 290% Rally

Bitmain found an S19XP bagholder?

December 19, 2024
Cango Directors Sell $2M in Shares After Bitcoin Pivot Sparks Rally
CANG

Cango Directors Sell $2M in Shares After Bitcoin Pivot Sparks Rally

Stock options exercised at $0.2951

December 19, 2024
Cango Acquires 32 EH/s Deployed Bitcoin Miners from Bitmain in $256M Mining Pivot
CANG

Cango Acquires 32 EH/s Deployed Bitcoin Miners from Bitmain in $256M Mining Pivot

Deal confirms previous reports of Bitmain's rising proprietary Bitcoin mining capacity

December 17, 2024