Cango Mines 954.5 BTC in Two Months After Transition to Bitcoin Mining
- Cango transitioned from auto finance to Bitcoin mining in April 2025.
- The company mined 954.5 BTC, valued at over $100 million, in two months.
- In April, Cango mined 470 BTC; in May, it mined an additional 484.5 BTC.
- Cango plans to sell 10 million Class B shares to Enduring Wealth Capital for $70 million.
- This sale will give Enduring Wealth Capital over 50% voting power in Cango.
Cango’s shift from auto finance to Bitcoin mining resulted in the production of 954.5 BTC worth over $100 million within two months, alongside a strategic corporate restructuring involving the sale of Class B shares to Enduring Wealth Capital.
Source (2.6)https://hodl.press/cango-mines-954-5-btc-two-months-after-transition/?rand=24434
