Cango Inc. has announced the completion of its acquisition of cryptomining assets with a total hashrate of 18 Exahash per second. This transaction was finalized through the issuance of 146,670,925 Class A ordinary shares to the sellers, with Golden TechGen Limited becoming the largest seller, now holding approximately 19.85% of Cango's total outstanding shares. Collectively, all sellers now own about 41.38% of the company's total shares. The cryptomining machines acquired are operational and hosted in data centers, mainly in the U.S., and will remain in their current locations. This acquisition is expected to bolster Cango's growth in the cryptoasset industry.
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