Cango sells legacy China business, goes all-in on Bitcoin mining: Report

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 BTC - $83218.181 mining, according to a report by The Miner Mag. Cango agreed to sell its legacy Chinese auto financing business to Ursalpha Digital Limited in a $352 million deal, according to the report.

Source: cointelegraph.com

Related symbols: BTCUSD

2025-04-03 18:18:01 GMT.

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Price & Market Data

Price: $83218.181

Volume 24h: $42,856,030,230.27

Market Cap: $1,651,593,208,849.91

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,846,543. The last known price of Bitcoin is 82,564.55531196 USD and is up 1.31 over the last 24 hours. It is currently trading on 12006 active market(s) with $42,213,495,608.06 traded over the last 24 hours. More information can be found at https://bitcoin.org/.