Crypto Weekly
Subscribe
No Result
View All Result
Crypto Weekly
  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
No Result
View All Result
Crypto Weekly Magazine
No Result
View All Result
  • Home
  • News
  • Learn
  • Regulation
  • Advertise with us
  • Subscribe

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

cryptoweekly by cryptoweekly
April 3, 2025
in bitcoin, News
0

The company reportedly sold its China operations to an entity associated with Bitmain for $352 million.

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) 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.

 Additionally, Bitmain is reportedly transferring 32 exahashes per second (EH/s) to Cango. The deal effectively brings Bitmain’s mining assets to the public market, The Miner Mag said.

Read more

Previous Post

Bitcoin drops 8%, US markets shed $2T in value — Should traders expect an oversold bounce?

Next Post

10-year Treasury yield falls to 4% as DXY softens — Is it time to buy the Bitcoin price dip?

Next Post

10-year Treasury yield falls to 4% as DXY softens — Is it time to buy the Bitcoin price dip?

Latest News

BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin

by cryptoweekly
July 8, 2025
0

...

Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec

by cryptoweekly
July 8, 2025
0

...

Bitcoin miner BitFuFu mines 445 BTC for its biggest production month

by cryptoweekly
July 8, 2025
0

...

SEC acknowledges Trump’s Truth Social Bitcoin and Ethereum ETF

by cryptoweekly
July 8, 2025
0

...

Vitalik Buterin advocates ‘copyleft’ licensing in crypto

by cryptoweekly
July 8, 2025
0

...

Coinbase crypto lobby urges Congress to back major crypto bill

by cryptoweekly
July 8, 2025
0

...

Gate.io deletes page showing a $600M Pump.fun token sale

by cryptoweekly
July 8, 2025
0

...

Gate.io deletes page showing a $600M Pump.fun token sale

by cryptoweekly
July 8, 2025
0

...

Two Ethereum Genesis wallets wake, move $2.9M ETH

by cryptoweekly
July 7, 2025
0

...

Casascius bar owner gets less physical, moves BTC to wallet after 13 years

by cryptoweekly
July 7, 2025
0

...

Got a Story tip? Email Contact@cryptoweeklymag.com

CMC Coin

A marketing-focused coin w/ a unique set of tokenomics & incredible use cases! The official coin of Crypto Weekly Mag!
Learn More

News

Recent Posts
  • BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin
  • Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec
  • Bitcoin miner BitFuFu mines 445 BTC for its biggest production month
  • SEC acknowledges Trump’s Truth Social Bitcoin and Ethereum ETF
  • Vitalik Buterin advocates ‘copyleft’ licensing in crypto
  • Coinbase crypto lobby urges Congress to back major crypto bill
  • Gate.io deletes page showing a $600M Pump.fun token sale

Office

Crypto Weekly
71 – 75 Shelton Street
Covent Garden London, UK

Stay Connected

Facebook Twitter Instagram Telegram

© 2022 crypto weekly. All rights reserved

  • Home
  • News
    • Bitcoin
    • Binance
    • Ripple
    • Ethereum
    • Cardano
  • Learn
    • Crypto 101
    • Crypto Wallets
    • Crypo Investing
  • Regulation
  • Advertise with us
  • Subscribe
Translate »