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Bitcoin Updates: Cango Utilizes Energy-Efficient Infrastructure to Connect Bitcoin Mining with the Future of AI Computing

Bitcoin Updates: Cango Utilizes Energy-Efficient Infrastructure to Connect Bitcoin Mining with the Future of AI Computing

Bitget-RWA2025/11/08 01:20
By:Bitget-RWA

- Cango Inc. transitions from auto platform to Bitcoin mining and AI HPC, leveraging global infrastructure and energy expertise. - Achieves 50 EH/s mining capacity in 8 months, with Q2 2025 revenue of $139.8M and $656M in Bitcoin holdings. - Acquires 50 MW Georgia facility to optimize energy costs and expand dual-purpose infrastructure for AI workloads. - Plans direct NYSE listing to enhance transparency amid regulatory scrutiny and industry shifts toward hybrid AI-mining models. - Aims to refresh 6 EH/s e

Chinese automotive transaction platform

(NYSE: CANG) has announced a major shift in strategy, focusing on expanding its mining activities and entering the artificial intelligence (AI) high-performance computing (HPC) sector by utilizing its worldwide infrastructure and energy management strengths. The company, which moved away from its traditional auto business to concentrate on Bitcoin mining in November 2024, has achieved a global mining capacity of 50 exahash per second (EH/s) within just eight months. Cango plans to further improve energy efficiency and develop dual-use energy infrastructure to support future HPC operations, according to .

Cango’s financial results for Q2 2025 highlighted the effectiveness of its new direction, reporting $139.8 million in revenue and $99.1 million in adjusted EBITDA. This growth was fueled by an asset-light approach that emphasized operational efficiency, as noted by

. The company’s disciplined HODL strategy has increased its Bitcoin reserves to over 6,400 BTC (valued at $656 million), while it also maintains $117.8 million in cash and equivalents, according to . To further strengthen its mining capabilities, purchased a 50 MW facility in Georgia for $19.5 million in August 2025, giving it greater control over energy expenses and operational reliability, as detailed in .

Bitcoin Updates: Cango Utilizes Energy-Efficient Infrastructure to Connect Bitcoin Mining with the Future of AI Computing image 0
Building on its Bitcoin mining base, Cango is preparing to enter the AI HPC market, which supports applications such as training large language models (LLMs) and conducting data analysis. In a letter to shareholders, CEO Paul Yu highlighted that the company’s energy-backed infrastructure gives it a strong foundation to shift from Bitcoin mining to HPC, with facilities designed to meet current mining needs and future AI demands, according to . The company intends to roll out pilot projects and partnerships in phases to add HPC capabilities, following the broader industry movement as firms like IREN and Galaxy Digital also transition toward AI infrastructure, as reported by .

Cango’s board has authorized a direct listing on the New York Stock Exchange (NYSE), replacing its American Depositary Receipt (ADR) program, effective November 17, 2025. This change is intended to improve transparency and attract more institutional investors, especially after U.S. regulators examined its relationship with Bitmain, as mentioned in

. On October 31, 2025, shares closed at $3.55, marking a 27% increase over the year but still 50% below the summer peak, reflecting overall market fluctuations, according to .

With Bitcoin mining expenses rising to $114,842 per BTC in October 2025, competition has intensified, leading smaller players to consolidate or exit, as noted in

. Cango’s dual approach—combining Bitcoin mining with AI/HPC—reflects a broader industry trend toward hybrid models that make use of existing data centers and energy resources. Additionally, U.S. restrictions on advanced AI chip exports to China have opened doors for domestic miners like Cango to form partnerships with hyperscale computing firms, according to .

Cango’s plans for 2026 include upgrading 6 EH/s of mining hardware, expanding its energy infrastructure, and launching HPC pilot programs. With operations in the U.S., Oman, Ethiopia, and Paraguay, the company seeks to leverage its international reach and energy expertise to become a frontrunner in the next generation of computing.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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