Cango Inc. Acquires 50 MW Bitcoin Mining Facility in Georgia, Marking Strategic Shift Towards Energy Solutions

Reuters

Aug 11

Cango Inc. Acquires 50 MW Bitcoin Mining Facility in Georgia, Marking Strategic Shift Towards Energy Solutions

Cango Inc. has announced the acquisition of a fully operational 50 MW Bitcoin mining facility in Georgia, USA, for US$19.5 million. This acquisition marks a significant step in Cango's strategy to diversify and strengthen its portfolio in Bitcoin mining and energy infrastructure. With this facility, Cango plans to allocate 30 MW to self-mining operations and 20 MW to hosting services for third-party clients. The acquisition allows Cango to enhance operational efficiency and cost discipline while developing in-house expertise for managing self-owned mining sites. Additionally, Cango is laying the groundwork to expand its services to high-performance computing applications, aiming to leverage its operational and technical expertise beyond Bitcoin mining.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via CNW (Ref. ID: C4630) on August 11, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Acquires 50 MW Bitcoin Mining Facility in Georgia, Marking Strategic Shift Towards Energy Solutions","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cango Inc. Acquires 50 MW Bitcoin Mining Facility in Georgia, Marking Strategic Shift Towards Energy Solutions\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Cango Inc. has announced the acquisition of a fully operational 50 MW Bitcoin mining facility in Georgia, USA, for US$19.5 million. This acquisition marks a significant step in Cango's strategy to diversify and strengthen its portfolio in Bitcoin mining and energy infrastructure. With this facility, Cango plans to allocate 30 MW to self-mining operations and 20 MW to hosting services for third-party clients. 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Acquires 50 MW Bitcoin Mining Facility in Georgia, Marking Strategic Shift Towards Energy Solutions\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-11 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Cango Inc. 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ID: C4630) on August 11, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4214","symbol_name":"汽车零售","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250811:nNDL6rp86y:1","article_id":"2558656957","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2558656957","pubTimestamp":1754906452,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Cango Inc. has announced the acquisition of a fully operational 50 MW Bitcoin mining facility in Georgia, USA, for US$19.5 million. 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