Cango Inc. Joins Top Bitcoin Holders, Eyes High-Performance Computing
Cango Inc., a leading Chinese Bitcoin mining company, has made significant strides in its operations. It now ranks as the 18th largest public company holding Bitcoin worldwide, with a Bitcoin treasury worth nearly $700 million.
Cango's impressive growth is evident in its recent acquisitions. In September, it added 101.7 BTC to its total, bringing it to 5,810 BTC. This expansion is over half of what was achieved in August. The company's average daily production in September was 20.55 BTC.
Cango's operational hashrate has also increased significantly, reaching 44.85 exahashes per second (EH/s). This powerful computing capability is set to grow further as Cango plans to diversify its operations into high-performance computing (HPC).
Cango's strategic investments and operational advancements have placed it among the top corporate Bitcoin holders, alongside companies like Marathon Digital, Hut 8, and Riot Platforms. With a Bitcoin treasury worth nearly $700 million and plans to expand into HPC, Cango continues to solidify its position in the cryptocurrency market.
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