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

ChainCatcher news, 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 expanding 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 operations 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 both Bitmain and Cango stated that they strictly comply with all U.S. laws and have no affiliations with any government or state-owned enterprises.

Bitmain indicated that it has noted rumors regarding its plans to acquire Cango, but "these rumors are completely untrue," while denying that it is exploring direct ownership of U.S. power plants, stating that claims regarding its mining machines potentially affecting infrastructure are "nonsense." Cango, on the other hand, stated that it does not comment on "market rumors" or potential merger and acquisition transactions.