Cango Inc. $(CANG)$, a rapidly expanding leader in Bitcoin mining, has completed the sale of its PRC Business to Ursalpha Digital Limited for approximately US$351.94 million in cash. This strategic divestment, which concluded on May 27, 2025, allows Cango to fully dedicate its resources to enhancing its global leadership in the Bitcoin mining industry. The company plans to rapidly expand its Bitcoin mining operations across North America, the Middle East, South America, and East Africa. As part of this transformative shift, Cango has also strengthened its Board of Directors with the appointment of two new members, effective May 27, 2025, bringing expertise in Fintech, AI, Web 3.0, and global capital markets.
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