U.S. Republican lawmakers seek to investigate Bitmain and Cango Inc.

[Republican Congressman Seeks Review of Bitmain and Cango Inc.] According to Bloomberg, U.S. Republican Congressman Zachary Nunn has called for the federal government to review Bitcoin mining hardware manufacturers Bitmain and Cango Inc., stating that the growing operations of these two companies in the U.S. may pose national security risks. Nunn pointed out that Bitmain and Cango "seem to be expanding their businesses in the U.S. through complex ownership structures and financing arrangements, which regulators and the public may not fully understand in terms of transparency." In response, representatives from Bitmain and Cango both stated that they strictly comply with all U.S. laws and have no connections with any government or state-owned enterprises. Bitmain noted that it is aware of rumors regarding its planned acquisition of Cango, but "these rumors are completely untrue," while denying any exploration of directly owning U.S. power plants, stating that claims regarding its Mining Rigs potentially affecting infrastructure are "nonsense." Cango stated that it does not comment on "market rumors" or potential merger and acquisition transactions.