币界网报道：Cango Inc., a Chinese fintech firm, has significantly expanded its Bitcoin mining operations by acquiring a 36% stake in Antalpha Technologies Ltd., a Singapore-based digital asset services provider. The deal, valued at approximately $25 million, grants Cango access to Antalpha's advanced mining infrastructure and expertise, boosting its total mining capacity by over 30%. Antalpha, known for its institutional-grade crypto custody and mining solutions, operates data centers across North America and Central Asia. Cango's CEO, Jiayuan Lin, stated the acquisition aligns with the company's strategy to diversify into blockchain infrastructure amid China's tightening crypto regulations. The move follows Cango's recent pivot from auto financing to crypto-related ventures, including a $50 million investment in mining equipment earlier this year. Antalpha will continue operating independently while collaborating with Cango on mining pool optimization and energy-efficient hardware deployment. Industry analysts note the deal reflects growing consolidation in the mining sector as firms seek scale to offset volatile Bitcoin prices and rising energy costs. Cango's shares rose 8% following the announcement, though they remain down 60% from 2021 peaks due to China's crypto crackdown. The transaction is expected to close in Q4 2023 pending regulatory approvals.