Cango spent a decade in China’s auto finance and used car marketplace business. Then it sold the entire operation for roughly $350M and reappeared as a global Bitcoin miner. This episode breaks down how a company completely deletes its past life and tries to rebuild on top of a new high risk, high capex engine. If you enjoy business model autopsies and surprising pivots, this one is worth your time.
Learn how to make money with bitcoin
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