Cango’s Bitcoin Output Jumps in July, Fueling Treasury Growth

Cango’s Bitcoin Output Jumps in July, Fueling Treasury Growth

Three months after divesting its automotive financing arm, Chinese conglomerate Cango (CANG) has significantly accelerated its Bitcoin mining output. In July, Cango produced 650.5 BTC, a notable jump from 450 BTC in June, as reported by Farside Investors. Previously, during April and May—the initial two months post‑pivot—Cango mined a combined 954.5 BTC, marking the beginning of its transition into digital assets. Now holding approximately 4,...

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