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Cango sells car business for $352 million, fully transforms bitcoin mining
Cango Corporation has reached a definitive agreement with Bitmain affiliate Ursalpha Digital Limited to sell its Chinese auto finance business for $352 million, marking the company's comprehensive transformation into the bitcoin mining sector. The transaction includes a down payment of $210.60 million, with the remainder to be paid under certain conditions. Cango has now ranked among the top five publicly traded bitcoin mining companies, generating 530 bitcoins in March and holding 2,475 bitcoin...
2025-04-03 14:01:33
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