On April 3, it was reported that Cango had reached a final agreement with Bitmain's related party Ursarf Digital Limited to sell its China auto finance business for US$352 million, marking the company's comprehensive transformation into the Bitcoin mining field. The transaction includes a down payment of $210.6 million, with the remaining amount paid based on specific conditions. Cango currently ranks among the top five publicly traded bitcoin mining companies, producing 530 bitcoins in March and holding 2475 bitcoins at the end of the month, with a computing power of 29.13 EH/s. Behind the transaction suggests that Bitmain may be planning a dual acquisition through its affiliated company Antalpha to bring its proprietary bitcoin mining assets to the open market.