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Wu said that Cango has announced the completion of its comprehensive transformation from an automotive trading platform to a Bitcoin mining enterprise, and has restructured its board of directors and management team. Jin Xin, the founder and CEO of Antalpha, has been appointed as the chairman of the board, further consolidating ties with Bitmain. Antalpha is a financial service platform supported by Bitmain. The new CEO, Yu Peng, was previously the Chief Strategy Officer of Antalpha and has an asset management background. The company has also added several members with Antalpha backgrounds to the board. Cango currently holds over 4,000 Bitcoins.