Bloomberg: US Republican lawmakers seek investigation into Bitmain and Cango Inc.

ChainCatcher news, according to Bloomberg, US Republican congressman Zachary Nunn has called on the federal government to review bitcoin mining hardware manufacturers Bitmain and Cango Inc., stating that the expanding operations of these two companies in the US may pose a national security risk.

Nunn pointed out that Bitmain and Cango "appear to be expanding their business in the US through complex ownership structures and financing arrangements, while regulators and the public may not be fully aware of their transparency." In response, representatives from both Bitmain and Cango stated that they strictly comply with all US laws and have no association with any government or state-owned enterprises.

Bitmain stated that it has noticed rumors regarding its alleged plan to acquire Cango, but "these rumors are completely untrue." The company also denied exploring direct ownership of US power plants and called the claims that its mining machines could impact infrastructure "groundless." Cango, on the other hand, said it would not comment on "market rumors" or potential merger and acquisition transactions.