CoinWorld reported that Cango Inc. (NYSE: CANG) announced the acquisition of an operational 50-megawatt mining facility in Georgia, USA for $19.5 million in cash. This is a key step in the company's transformation into a diversified strategy aimed at managing a robust Bitcoin mining and energy infrastructure portfolio. This transaction marks the first step for Cango to steadily expand its own and operated mining facility portfolio. Cango aims to enhance operational efficiency, cost control, and long-term financial resilience by selectively acquiring low-cost power businesses, while laying the groundwork for more advanced energy strategies in the future. (Forwarded)

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Journey_StarryMorningvip
· 15h ago
Hold on tight, we are about to To da moon 🛫
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