Car trading service provider Cango entered the Bitcoin mining field in November, investing $400 million to acquire 50EH/s of computing power, immediately becoming one of the world's largest miners. The computing power of Bitcoin is currently hovering at 823EH/s. Once Cango's 50EH/s is fully launched, it will provide about 6% of the computing power behind Bitcoin. As a reference, the world's largest listed miner MARA Holdings (MARA) has a computing power slightly above 47EH/s, while the second largest CleanSpark (CLSK) and Riot Platforms (RIOT) have computing power of 32EH/s and 26EH/s, respectively. Juliet Ye, Senior Director of Communications at Cango, said, "I think this is surprising for people in the (Bitcoin mining) industry because no one has heard of Cango before, but its history is a history of adaptation. Since the company was founded in 2010, we have entered different fields at least two to three times. @ftor36