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It has been reported that Cango has announced the completion of its full transformation from a car trading platform to a Bitcoin Mining enterprise, and has restructured its board and management. The founder and CEO of a certain company, Xin Jin, has been appointed as the chairman of the board, further consolidating the association with the certain company. The certain company is a Financial Service platform supported by a certain company. The new CEO, Peng Yu, was previously with the certain company.