The Chinese company Cango Inc., involved in Bitcoin mining and automotive transactions, announced its inclusion in the Bitwise Bitcoin Standard Corporations ETF.
Cango and the ETF
Today, Cango Inc. announced its inclusion in the Bitwise Bitcoin Standard Corporations ETF (NYSE Arca: OWNB), launched by Bitwise Asset Management. The ETF tracks the Bitwise Bitcoin Standard Index, providing investors with exposure to companies holding over 1,000 Bitcoins.
Cango's Achievements in Bitcoin Mining
Since transitioning to a capital-light Bitcoin mining model in late 2024, Cango has achieved significant milestones. The company has led the industry in productivity with 17.81 Bitcoin per EH/s and secured a hash rate of 32 EH/s, ranking 3rd globally.
About Cango
Cango Inc., headquartered in Shanghai, China, operates a leading Bitcoin mining business. The company is expanding into North America, the Middle East, South America, and East Africa. Cango has also continued to operate its automotive transaction service in China since 2010.
Cango's inclusion in the Bitwise Bitcoin Standard Corporations ETF signifies industry recognition of the company's success in Bitcoin mining and its strategic flexibility in the global market.
