Cango, another Chinese company, started out providing auto dealers with financing to make loans to car buyers. Now, it has mystically diversified and just recently made a big splash into the Bitcoin mining market. This move, initiated in November 2024, reflects the company's recognition of the increasing prevalence of crypto...
Cango mining Bitcoin? Seriously? At first, I laughed. Cars and crypto? That, to us, seemed like a match made in… well, nowhere. Then I started digging, and whoa. This could be bigger than anyone realizes. Forget about your typical business trying to get on the bandwagon. Cango could be on...
The news broke: Apollo Insights is covering Cango Inc. (CANG), zeroing in on their Bitcoin mining foray. Cango, an auto financing platform at its core, is taking a step into the crypto sandbox. The question is: is this strategic diversification or a dangerous distraction? Cango's stock is up, but in...
