In February, Cango produced 454.83 bitcoins and plans to use treasury funds to support the transformation of AI infrastructure

PANews
2026.03.06 11:16

PANews reported on March 6 that Cango Inc. (NYSE: CANG) released an update on its computing power and energy business for February 2026. The company produced 454.83 bitcoins that month, holding a total of 3,313.4 bitcoins as of February 28; the deployed computing power at the end of the month was 50 EH/s, with an average operating power of 34.55 EH/s, affected by temporary downtime due to mining machine optimization and migration. Cango updated its bitcoin asset management strategy, using part of its bitcoins for operating expenses and strategic investments to support the transition from single bitcoin mining to global AI and high-performance computing infrastructure, and by re-signing hosting agreements, upgrading equipment, and disposing of some mining machines, it will allocate funds to move to low electricity price areas and establish AI computing facilities

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