Wu learned that Cango announced the sale of its Chinese automotive finance business to Ursalpha Digital Limited, a subsidiary of Bitmain Antalpha, for $352 million. This transaction is part of Cango's comprehensive transformation into the Bitcoin mining business. Cango stated that the transaction includes a $210.6 million advance payment from Ursalpha, with additional installment payments depending on fulfilling tax obligations and reducing the credit risk exposure of the divested entity. In addition, Cango mined 530 BTC in March and held 2475 BTC. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=40445