Cango produced over $100M of Bitcoin in two months after mining pivot
Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations.
Bitcoin mining company Cango produced nearly $100.5 million worth of Bitcoin in the two months following its full pivot to crypto mining, the company announced on June 3.
Cango mined 954.5 Bitcoin (BTC) after going all-in on mining. Of the total haul, 470 BTC were mined in April and 484.5 BTC in May.
This follows Cango agreeing to sell its legacy China operations to an entity associated with Bitmain in a bid to focus solely on Bitcoin mining in early April.