According to Mars Finance, on August 11, Cango Group (NYSE: CANG) announced today that it has acquired a fully operational 50 megawatt Mining Farm in Georgia, USA, for a total cash price of $19.5 million, marking a key step in the company's diversified strategy to manage a robust portfolio encompassing Bitcoin mining and energy infrastructure. This transaction is the first step for Cango to steadily expand its own and operational Mining Farm portfolio. By selectively acquiring low-cost power operating assets, Cango aims to enhance operational efficiency, strengthen cost management, and achieve long-term financial resilience, while laying the groundwork for more advanced energy strategies in the future. The Mining Farm previously provided Mining Rig hosting services for Cango through a third-party hosting protocol. After this acquisition, Cango will allocate 30 megawatts for self-operated Mining Farm operations, and 20 megawatts will continue to provide hosting for third-party clients.