Cango: Leading in Bitcoin Mining Efficiency
According to IT BOLTWISE® x Artificial Intelligence, Cango Inc., based in Shanghai, has achieved a significant milestone in the Bitcoin mining industry. The company has been included in the Bitwise Bitcoin Standard Corporations ETF, which is managed by Bitwise Asset Management. This ETF allows investors to invest in companies holding at least 1,000 Bitcoins in their balance sheets. Cango's CEO, Jiayuan Lin, highlighted this inclusion as a validation of the company's strategic shift towards Bitcoin mining.
Since transitioning to a capital-light mining model in Q4 2024, Cango has made remarkable progress. With an efficiency of 17.81 Bitcoin per Exahash (EH/s) and a total hashrate of 32 EH/s, the company is among the global leaders in the sector. Cango has strategically expanded its mining operations to North America, the Middle East, South America, and East Africa, maximizing its global reach. Despite its focus on Bitcoin mining, Cango continues to operate in the automotive transaction sector in China, showcasing its adaptability in a rapidly changing market.
AirNet Partners for Bitcoin Mining Farm in Kazakhstan
As reported by Marketscreener CH, AirNet has signed a Letter of Intent (LOI) with LLP STH to develop a Bitcoin mining farm in Kazakhstan. This collaboration marks a significant step for AirNet in expanding its presence in the cryptocurrency mining industry. The agreement outlines plans to establish a state-of-the-art mining facility, leveraging Kazakhstan's favorable conditions for such operations.
The partnership aims to capitalize on the region's abundant energy resources and supportive regulatory environment. This development aligns with AirNet's strategy to enhance its capabilities and footprint in the global Bitcoin mining market. The project is expected to contribute to the growing infrastructure supporting cryptocurrency mining in Central Asia.
Bitdeer Unveils SEALMINER A2 Pro Mining Machines
IT BOLTWISE® x Artificial Intelligence reports that Bitdeer Technologies Group has launched its latest Bitcoin mining machines, the SEALMINER A2 Pro series. These machines, available in two models—SEALMINER A2 Pro Air and SEALMINER A2 Pro Hyd—boast an impressive energy efficiency ratio of 14.9 J/TH, setting new industry standards. The air-cooled model offers a hashrate of 255TH/s to 270TH/s, while the water-cooled version achieves 500TH/s to 530TH/s.
Bitdeer emphasizes innovation and efficiency, with the water-cooled model capable of operating efficiently at water temperatures up to 60°C. These advancements highlight Bitdeer's commitment to sustainable and high-performance mining solutions. The introduction of the SEALMINER A2 Pro series comes at a time of intense competition in the Bitcoin mining market, positioning Bitdeer as a leader in technological development and energy efficiency.
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