Cango posts ‘massive’ July Bitcoin haul, boosting corporate treasury
Three months into its full Bitcoin mining pivot, Chinese company Cango mined 450 BTC in July. Three months after divesting its auto financing unit to focus on Bitcoin mining, Chinese conglomerate Cango (CANG) has significantly ramped up crypto production, indicating that its acquisition of Bitmain mining rigs is enhancing its capacity amid intensifying industry competition….