PANews reported on April 3 that according to The Miner Mag, Cango announced that it would sell its Chinese auto finance business to Ursalpha Digital Limited, which is associated with Antalpha under Bitmain, for $352 million, and fully transform itself into a Bitcoin mining company. The transaction includes an advance payment of $210.6 million, and the remaining installments will be paid based on tax and risk adjustments. Cango produced 530 BTC in March, held 2,475 BTC, and had a computing power of 29.13 EH/s, ranking among the top five listed mining companies in the world.