Cango Inc. Aims for 50 EH/s in Bitcoin Mining by 2025
- Cango Inc. has pivoted from automobile trading to Bitcoin mining.
- The company targets achieving 50 exahashes per second (EH/s) by early 2025.
- Cango is building a growing Bitcoin treasury.
- Tencent is an institutional investor in Cango Inc.
- The company has links with Bitmain, a major player in the mining sector.
Cango Inc. is making significant strides in the Bitcoin mining industry, aiming for a substantial capacity of 50 EH/s by early 2025, supported by investments from Tencent and partnerships with Bitmain.
Source (2.6)https://news.bitcoin.com/cango-inc-50-eh-s-power-play-is-this-the-next-big-name-in-bitcoin-mining/?rand=52384
