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Cango's output exceeded US$100 million in two months after fully turning to Bitcoin mining."

According to online reports, cryptocurrency mining company Cango performed well after fully turning to Bitcoin mining. A total of 954.5 bitcoins were dug up in April and May, worth more than 100 million US dollars. The company has previously sold its traditional business in China to focus on Bitcoin mining. Cango's average operating power is close to 30EH/s, and 1,541 bitcoins were mined in the first quarter of this year. At the same time, the two co-founders of Cango reached a US$70 million equity deal with Endurance Wealth Capital, which will sell 10 million high-voting Class B shares. After the transaction is completed, Endurance Wealth Capital will gain voting control of the company.

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