09:13 AM EST, 11/15/2024 (MT Newswires) -- Cango ( CANG ) said Friday it has completed a $256 million cash acquisition of on-rack crypto mining machines with a total hashrate of 32 exahash per second from Bitmain Technologies Georgia and Bitmain Development.

The deal was announced on Nov. 6 together with a proposed acquisition of other on-rack crypto mining machines from Golden TechGen and other sellers for $144 million, the company said.

Cango ( CANG ) shares were down 1.4% in recent premarket activity.

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