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Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss

The Block
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Cango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss

Cango scaled back its mining fleet in the second quarter as revenue fell and the company focused on efficiency.

Key Takeaways

  1. Cango scaled back its mining fleet in the second quarter as revenue fell and the company focused on efficiency.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on The Block

Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.