This was posted before. It's kind of huge news.
By day:
Cango is more used to helping Chinese banks issue loans for people looking to buy cars.
By night:
The company spent $400 million to acquire 50 EH/s of mining power, immediately becoming one of the largest miners in the world.
Their side gig is being one of the largest bitcoin miners in the world. They aren't running the facilities themselves though, and could be leasing the hardware along with everything else:
One major difference between Cango and other mining heavyweights is that Cango isn’t operating its own mining fleet right now. With machines spread out around the world — including in the U.S., Canada, Paraguay and Ethiopia — Cango is still relying heavily on Bitmain for facilities and infrastructure, and to make sure the sites run smoothly.