Cango Inc., a Chinese automotive transaction service platform, has completed the acquisition of on-rack crypto mining machines with an aggregate hashrate of 32 Exahash per second for a total purchase price of US$256 million. The transaction was part of a series of acquisitions announced on November 6, 2024, which also included the purchase of on-rack crypto mining machines with an aggregate hashrate of 18 Exahash from Golden TechGen Limited and other sellers for approximately US$144 million.
The anti-trust filing and clearance in the U.S. is not required for the Proposed Transactions, and the relevant closing condition is deemed to have been satisfied.
