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.
Coins in this story
Discussion
Related stories
Strategy turns MSCI’s own SEC words against its $24 billion MSTR threat
Strategy has challenged MSCI's proposed “non-operating company” screen by tying it to a regulatory argument MSCI made four years ago in a letter shared on Aug. 31. The Bitcoin treasury company says the new methodology requires MSCI to judge whether Bitcoin belongs inside an operating business. That puts MSCI's 2022…
South Korea’s Bitcoin ‘Kimchi Premium’ Returns
Bitcoin Magazine South Korea’s Bitcoin ‘Kimchi Premium’ Returns The closely watched bitcoin retail market in the Asian nation is making moves again. This post South Korea’s Bitcoin ‘Kimchi Premium’ Returns first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.
Does the Bitcoin rally mean we haven’t wasted our lives in crypto?
Crypto is showing signs of life again, but its biggest wins look different from what early believers imagined. After a decade of building, has it all been worth it?