Cango Inc. Announces November 2024 Production Update for Crypto Mining Business
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Cango Inc. has announced a production update for its crypto mining business, revealing the completion of an acquisition of crypto mining machines with a total hashrate of 32 EH for $256 million.
December 05, 2024 | 12:15 pm
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Cango Inc. has completed a significant acquisition of crypto mining machines, enhancing its mining capacity to 32 EH. This move could potentially boost its revenue from the crypto sector.
The acquisition of crypto mining machines with a substantial hashrate indicates a strategic expansion into the crypto mining sector. This could lead to increased revenue streams, positively impacting Cango's stock price in the short term.
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