Cango sells legacy China business, goes all-in on Bitcoin mining: Report
The company reportedly sold its China operations to an entity associated with Bitmain for $352 million. Cango, a publicly traded Chinese conglomerate, has agreed to sell its legacy China operations to an entity associated with peer Bitmain in a bid to go all-in on Bitcoin (BTC) mining, according to a report by The Miner Mag. …