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KuPool Strengthens Leadership with Ethereum Mining Pioneer Shelton Qiu, Driving LTC Hashrate Expansion and DOGE/LTC Market Dominance

BitcoinWorld KuPool Strengthens Leadership with Ethereum Mining Pioneer Shelton Qiu, Driving LTC Hashrate Expansion and DOGE/LTC Market Dominance PROVIDENCIALES, Turks and Caicos Islands, Nov. 6, 2025 /PRNewswire/ — KuCoin, a leading global crypto platform built on trust, today announced that Shelton Qiu, former Marketing Director and Business Development Lead at SparkPool, has joined the KuPool team as Chief Operation Officer. This strategic addition further strengthens KuPool’s leadership in mining capability and KuCoin’s position as a comprehensive hashrate production and allocation hub. With nearly a decade of experience in blockchain and mining, Qiu played a pivotal role in helping SparkPool become the world’s largest Ethereum mining pool and maintain its industry-leading position. During his tenure, he actively contributed to technological innovation and community development, advancing the Ethereum PoW ecosystem and promoting industry knowledge sharing. At KuPool, he will leverage his deep engineering insight and operational expertise to scale Litecoin (LTC) mining hashrate , enhance system stability, and drive sustainable profitability for professional miners and institutional clients. Qiu is also expected to play a key role in expanding KuPool’s global reach , forming technical and ecosystem partnerships, and advancing product innovation across multi-currency mining—including LTC, DOGE, PEPE, Lucky, and BELLS . His leadership will accelerate KuPool’s vision of building a trusted, transparent, and high-performance mining infrastructure that embodies the decentralized principles of Proof of Work (PoW). “Qiu’s proven expertise in engineering and ecosystem development will accelerate KuPool’s growth and strengthen our leadership in DOGE and LTC mining,” said Chris Zhu , Head of KuPool. “I am thrilled to join KuPool at this pivotal moment, bringing my experience to contribute to a platform that prioritizes trust and innovation in mining,” said Shelton Qiu , COO of KuPool. “With KuPool’s strong foundation in stable hashrate and high yields for LTC and DOGE, I look forward to advancing technology-driven innovation and user-oriented services to drive further growth, ensuring verifiable returns and enhanced competitiveness for miners worldwide.” KuPool’s total mining hashrate continues to grow, with its LTC/DOGE pool consistently ranking fourth globally — a testament to its strong market reputation and robust product capabilities. About KuPool KuPool is a new mining pool service within the KuCoin ecosystem, dedicated to building transparent, secure, and verifiable mining infrastructure. Leveraging KuCoin’s advantages in security, compliance, and asset management, KuPool offers miners a fair and trusted experience through efficient, traceable profit-sharing mechanisms and support for major and merged mining cryptocurrencies such as LTC, DOGE, PEPE, Lucky, and BELLS. With “Verified Hashing, Trusted Mining” at its core, KuPool promotes the sustainable growth of the blockchain hashrate economy. Learn More: https://www.kupool.com/ This post KuPool Strengthens Leadership with Ethereum Mining Pioneer Shelton Qiu, Driving LTC Hashrate Expansion and DOGE/LTC Market Dominance first appeared on BitcoinWorld . CoinOtag

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Cango Inc. Releases Letter to Shareholders

BitcoinWorld Cango Inc. Releases Letter to Shareholders HONG KONG, Nov. 6, 2025 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders at the one-year milestone of its bold transformation to a robust Bitcoin mining operation. CEO Paul Yu reflected on this milestone, emphasizing Cango’s vision to deliver energy-secured HPC services. The journey began in November 2024 with Bitcoin mining as a practical entry point to secure energy access, build operational expertise, and create flexible sites for long-term goals. In just eight months, Cango scaled to a 50 EH/s global platform by acquiring 32 EH/s of on-rack mining machines in November 2024, followed by 18 EH/s in June 2025. The company divested its China-based assets by May 2025, redirecting resources to its mining operations. A new Board and management team with expertise in digital assets, finance, and energy was onboarded to guide this ambitious transition. The financial impact was swift. In Q2 2025, Cango reported US$139.8 million in revenue, US$99.1 million in adjusted EBITDA , and US$117.8 million in cash equivalents, driven by an asset-light model focused on operational efficiency. Cango established a new, highly competitive core business, and a scaled global footprint across the U.S., Oman, Ethiopia, and Paraguay. This year’s momentum continued with key milestones. In August 2025, Cango acquired a 50 MW facility in Georgia for US$19.5 million, strengthening operational control and securing better power terms. Hashrate efficiency surpassed 90%, and Bitcoin holdings grew to over 6,400 BTC by October 31, 2025, through a disciplined HODL strategy. To enhance capital structure, Cango will transition to a direct NYSE listing on November 17, 2025. Looking ahead, Paul shared that Cango’s Bitcoin mining foundation will fuel a dual-track expansion into energy and HPC. The company plans disciplined, phased pilots, a targeted entry into the AI HPC market, and dual-purpose energy infrastructure development, while optimizing mining operations through improved uptime, lower energy costs, and refreshing 6 EH/s of capacity. “We are standing at the threshold of a new technological frontier, where the convergence of energy and HPC will power the next era of compute. ” Paul said. “With the resilient foundation we have built, a world-class team, and a clear, disciplined strategy, we are confident in our ability to not only navigate this future but to help shape it, creating lasting value for our shareholders and partners.” View original content: https://ir-image.cangoonline.com/ir-documents/Cango%20Shareholder%20Letter%20202511.pdf Investor Relations Contact Juliet YE, Head of Communications Cango Inc. Email: ir@cangoonline.com This post Cango Inc. Releases Letter to Shareholders first appeared on BitcoinWorld . CoinOtag