Cango, a Chinese group publicly circulated, agreed to sell its Chinese Legacy to an entity linked to the peer point point in an attempt to go to Bitcoin (BTC), according to a report issued by Miner Mag.
Kango has agreed to sell old Chinese car financing business to Ursalpha Digital Limited in a $ 352 million deal, According to To the report.
In addition, the points are said to be 32 Exhashes per second (EH/S) to Cango. Mag, a mining worker, said that the deal effectively brings mining assets in Betumin to the public market.
Exhashes measures the contribution of miners to the Bitcoin network, which is the total computing power that secures the network.
Magin Mag said that the Ltd. Digitter has the same title of the company and the founding manager for Antalpha, an entity that is eventually controlled by Bitco Miner Bitmain.
Kango’s shares on the New York Stock Exchange increased by 25 % this month. source: Google Financing
Related to: An artificial intelligence analysts for bitcoin miners, chips sales before the fourth quarter profits
Trump’s family connection
Our points have suffered from scrutiny after the country included its black artificial intelligence, according to Bloomberg.
According to Bloomberg, Bitmain has a working relationship with Bitcoin America, a Trump’s mining entity that was created in March as part of a deal with HUT 8, a computing and computing infrastructure provider.
On March 31, HUT 8 bought the majority of majority ownership in Bitcoin (former American data centers), whose founders are the sons of US President Donald Trump, Donald Trump Junior and Eric Trump.
HUT 8 has transformed Bitcoin mining equipment to Bitcoin America, which reports are studying a preliminary general offer (IPO), according to Bloomberg.
Bitcoin America said it will focus on encryption mining, while HUT 8 targets the data center infrastructure for applications such as high -performance computing.
In 2025, bitcoin mining shares fell amid low prices for cryptocurrencies and pressure on business models caused by the half -April, according to the JPMorgan search note that was shared with Cointelegraph.
Every four years, the BTC quantity is cut for each “block” – a package of transactions stored in the chain – in half. Half mining bonuses in April from 6.25 BTC to 3.125 BTC per block.
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