BITPRISMIA
Cango Inc. has acquired a 50-megawatt Bitcoin mining facility in Georgia for $19.5 million, marking a strategic expansion into cryptocurrency and energy infrastructure.
Cango, a Chinese automotive trading platform, achieved a significant increase in Bitcoin mining output in July, mining 650.5 BTC, a 45% rise from June, driven by strategic investments in mining hardware.
The content provided does not contain any substantive article or information to summarize.
Cango Bitcoin Mining reported mining 142.8 BTC in a week, increasing its total holdings to 4,529.8 BTC, signaling a strategic shift from automotive to digital assets and highlighting institutional interest in Bitcoin.
Bitcoin reaches new all-time highs amid favorable macroeconomic conditions, while Ethereum ETPs attract significant investment, impacting Bitcoin's market dominance.