Cango enters Bitcoin mining and may become one of the world's largest miners
automotive trading service provider Cango entered the Bitcoin mining field in November, spending $400 million to obtain 50 EH/s of computing power, immediately becoming one of the world's largest miners. Bitcoin's computing power is currently hovering around 823 EH/s, and once Cango's 50 EH/s is fully online, it will provide about 6% of the computing power behind Bitcoin. For reference, the world's largest listed miner, MARA Holdings (MARA), has slightly over 47 EH/s of computing power, while the second-largest, CleanSpark (CLSK), and Riot Platforms (RIOT) have 32 EH/s and 26 EH/s, respectively.
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