Cango exits China in $351.9m deal, pivots to Bitcoin mining

cango-exits-china-in-$351.9m-deal,-pivots-to-bitcoin-mining
Cango exits China in $351.9m deal, pivots to Bitcoin mining

Shanghai-based Cango has signed definitive agreements to sell its China operations for $351.94 million in cash, marking a strategic shift towards cryptocurrency mining. Ursalpha Digital Limited, a British Virgin Islands-registered entity, will acquire Cango’s PRC business. The transaction includes an…

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