India, May 29 -- Cango Inc. (CANG) has completed the sale of its PRC-based business operations to Ursalpha Digital Limited for approximately $351.94 million in cash.
The transaction, finalized on May 27, 2025, enables Cango to fully pivot toward global Bitcoin mining, reallocating financial and operational resources to expand in strategic regions such as North America, the Middle East, South America, and East Africa.
With this divestment, Cango transforms into a focused, well-capitalized leader in the Bitcoin mining sector. The company has also restructured its board by appointing two new members with deep experience in fintech, AI, Web 3.0, and global markets, reinforcing its commitment to innovation and digital finance.
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