🔥 JUST IN: Cango is selling its Chinese auto-financing business for $352M to a firm tied to Bitmain affiliate Antalpha, fully pivoting into Bitcoin mining. Cango mined $530 BTC in March and now holds 2,475 $BTC, positioning itself as a potential public proxy for Bitmain.

🔥 JUST IN: Cango is selling its Chinese auto-financing business for $352M to a firm tied to Bitmain affiliate Antalpha, fully pivoting into Bitcoin mining.

Cango mined $530 BTC in March and now holds 2,475 $BTC, positioning itself as a potential public proxy for Bitmain. pic.twitter.com/ZGHEP2WwAn

— Cointelegraph (@Cointelegraph) April 4, 2025