Cango sells car business for $352 million, fully transforms bitcoin mining
2025-04-03 14:01:33
Cango Corporation has reached a definitive agreement with Bitmain affiliate Ursalpha Digital Limited to sell its Chinese auto finance business for $352 million, marking the company's comprehensive transformation into the bitcoin mining sector. The transaction includes a down payment of $210.60 million, with the remainder to be paid under certain conditions.
Cango is now among the top five publicly traded bitcoin mining companies, generating 530 bitcoins in March and holding 2,475 bitcoins at the end of the month, with a computing power of 29.13 EH/s. Behind the deal, Bitmain may be planning a double acquisition through its affiliate Antalpha to bring its proprietary bitcoin mining assets to the public market.
Cango is now among the top five publicly traded bitcoin mining companies, generating 530 bitcoins in March and holding 2,475 bitcoins at the end of the month, with a computing power of 29.13 EH/s. Behind the deal, Bitmain may be planning a double acquisition through its affiliate Antalpha to bring its proprietary bitcoin mining assets to the public market.
7x24 快讯
13:50 2025-04-13
Next week's key events and data forecast: Powell speaks at the Economic Club of Chicago on ThursdayNext week's important events and data forecast:
Monday: President Trump unveils more information on semiconductor tariffs.
Tuesday: 2026 FOMC voting committee, Philadelphia Fed President Harker speaks on the role of the Federal Reserve; 2027 FOMC voting committee, Atlanta Fed President Bostic speaks on monetary policy;
Thursday: Federal Reserve Chairperson Jerome Powell speaks at the Economic Club of Chicago on initial jobless claims for the week ending April 12.
Friday: The New York Stock Excha...
13:47 2025-04-13
Michael Saylor Releases Bitcoin Tracker Information Again, Or Hints to Increase BTC Holdings AgainMichael Saylor, founder of Strategy, once again posted about Bitcoin Tracker, saying: "There are no tariffs on the orange dot".
According to previous laws, Strategy always increases its holdings of bitcoin the day after the relevant news is released.
13:44 2025-04-13
BTC falls below $84,000The market shows that BTC has fallen below $84,000 and is now reported at $83,981.02. The 24-hour increase has narrowed to 0.18%. The market is volatile, so please do a good job in risk control.
13:29 2025-04-13
Fox reporter: The Nasdaq index may rise sharply due to tariff exemptions, causing investors to be dissatisfied with the hasty implementation of tariff policiesFox Business Correspondent Charles Gasparino said on the social platform, "The market reaction to Tim Apple's tariff exemption is expected to be positive; Nasdaq may rise sharply because the exemption also applies to Nvidia and other large technology companies. Sources said that from a political point of view, the move further exposed the US Commerce Secretary Lute...
13:29 2025-04-13
U.S. Commerce Secretary: Not worried about the dollarU.S. Commerce Secretary Luthnik: Not worried about the dollar.
13:26 2025-04-13
U.S. Commerce Secretary: Electronics will be included in the upcoming industry tariffs and will be implemented in about a monthAccording to ABC News, U.S. Commerce Secretary Lutnik said that electronics will be included in the upcoming industry tariffs and will be implemented within a month or so. The pharmaceutical industry tariffs will be introduced within the next month or two.
13:01 2025-04-13
Golden Evening News | List of important developments on the evening of April 1312:00-21:00 Keywords: Strategy, Nayib Bukele, White House
1. Strategy Bitcoin holdings rose to $9.01 billion;
2. US senators submit a draft of the Clean Cloud Act, requiring crypto mining companies to reduce emissions.
3. Crypto-friendly Salvadoran President Nayib Bukele has arrived in the United States to meet with Trump.
4. Executive Director of the White House President's Digital Assets Task Force: Bitcoin needs to be hoarded as soon as possible before it becomes more expensive.
5. An NFT tra...
12:34 2025-04-13
IBC Founder: Total value of RWA assets will reach $18.90 trillion in 2033, it is the future of blockchainAccording to Mario Nawfal, founder and CEO of Dubai venture capital firm IBC Group, the total value of RWA assets is expected to soar to $18.90 trillion in 2033 as TradFi scrambles to bring everything from real estate to gold, fashion, pharmaceuticals, genomics, and more. This is not a trend, but a structural shift.
Mario Nawfal also said: "In our leading incubator and the 230 employees of IBC Group, we don't just watch it happen, we have an entire team leading the way...
12:31 2025-04-13
NFT Trader Could Face Jail for Hiding $13 million CryptoPunk Profits on Tax ReturnThe U.S. Attorney's Office for the Central District of Pennsylvania has revealed that NFT trader Waylon Wilcox has pleaded guilty to two counts of filing false personal income tax returns. The trader sold 62 CryptoPunk NFTs in 2021 for a profit of about $7.40 million, and then sold 35 CryptoPunk NFTs in 2022 for a profit of $4.90 million. However, Waylon Wilco filed a false personal income tax return for the 2021 tax year in April 2022...
11:58 2025-04-13
If Bitcoin breaks through 86,000 dollars, the mainstream CEX cumulative short order clearing strength will reach 577 millionAccording to Coinglass data, if Bitcoin breaks through 86,000 dollars, the mainstream CEX cumulative short order clearing strength will reach 577 million.
On the contrary, if Bitcoin falls below 83,000 dollars, the cumulative multi-order clearing strength of the mainstream CEX will reach 1.522 billion.
11:58 2025-04-13
The tariff shock wave touches the pain points of the US government leadershipOn the evening of April 11, the US government quietly adjusted its tariff policy, exempting electronic products such as smartphones, laptops, and chips from "reciprocal tariffs". Regarding this change, Robert Gullotti, a professor of political science at the University of Chicago, bluntly stated that the chain turmoil caused by the tariff policy "has touched the pain point of the US government leadership". American economist Jared Bernstein revealed his deep logic, saying that exempting some ele...
11:55 2025-04-13
The lifting of currency controls in Argentina has triggered a rise in local stablecoin trading volumeArgentina will formally scrap the "cepo cambiario", a six-year-old strict currency control measure, from April 14, marking a major shift in the country's economic policy. After the country's economy minister announced the measure, the stablecoin market on Argentine cryptocurrency exchanges saw sharp fluctuations and a sharp increase in trading volume. At present, the high volatility of the Argentine market and abnormal trading activity may lead to more people choosing stablecoins.
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