Cango, a company based in China, made headlines after it generated over $100 million in Bitcoin within just two months. By mining 954.5 BTC in April and May, Cango showcased the lucrative potential of pivoting entirely to cryptocurrency mining. This shift comes following the sale of its previous legacy operations, indicating a strategic and perhaps risky move given the volatile nature of cryptocurrencies.
As always, free markets can yield surprising results, and Cango is banking on this by diving deep into the digital gold rush. Caution: past success doesn't guarantee future profits!