Cango achieved remarkable success in Bitcoin mining, producing 954.5 BTC worth over 100 million USD in just two months. This shift followed the company’s decision to sell its previous operations, focusing solely on Bitcoin mining.
Co-founders Xiaojun Zhang and Jiayuan Lin also finalized a deal to sell 10 million high-vote shares for 70 million USD to Enduring Wealth Capital, which could grant significant control over the company.
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