--- title: "In February, Cango produced 454.83 bitcoins and plans to use treasury funds to support the transformation of AI infrastructure" type: "News" locale: "en" url: "https://longbridge.com/en/news/278085547.md" description: "Cango Inc. (NYSE: CANG) reported a Bitcoin output of 454.83 coins in February 2026 during its computing power and energy business update, with a total holding of 3,313.4 Bitcoins. The company plans to use part of its Bitcoins for operating expenses and strategic investments to support the transition from Bitcoin mining to AI and high-performance computing infrastructure. Funds will be allocated for relocating to areas with lower electricity prices through re-signing hosting agreements, upgrading equipment, and disposing of some mining machines" datetime: "2026-03-06T11:16:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278085547.md) - [en](https://longbridge.com/en/news/278085547.md) - [zh-HK](https://longbridge.com/zh-HK/news/278085547.md) --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/278085547.md) | [繁體中文](https://longbridge.com/zh-HK/news/278085547.md) # In February, Cango produced 454.83 bitcoins and plans to use treasury funds to support the transformation of AI infrastructure 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 ### Related Stocks - [ARK 21Shares Bitcoin ETF (ARKB.US)](https://longbridge.com/en/quote/ARKB.US.md) - [WisdomTree Bitcoin Fund (BTCW.US)](https://longbridge.com/en/quote/BTCW.US.md) - [Bitfarms Ltd. (BITF.US)](https://longbridge.com/en/quote/BITF.US.md) - [CleanSpark, Inc. (CLSK.US)](https://longbridge.com/en/quote/CLSK.US.md) - [Cango Inc. (CANG.US)](https://longbridge.com/en/quote/CANG.US.md) - [Coinbase Global, Inc. (COIN.US)](https://longbridge.com/en/quote/COIN.US.md) - [Grayscale Bitcoin Mini Trust ETF (BTC.US)](https://longbridge.com/en/quote/BTC.US.md) - [Invesco Galaxy Bitcoin ETF (BTCO.US)](https://longbridge.com/en/quote/BTCO.US.md) - [CoinShares Bitcoin ETF (BRRR.US)](https://longbridge.com/en/quote/BRRR.US.md) - [Franklin Bitcoin ETF (EZBC.US)](https://longbridge.com/en/quote/EZBC.US.md) - [Hut 8 Corp. (HUT.US)](https://longbridge.com/en/quote/HUT.US.md) - [Riot Platforms, Inc. (RIOT.US)](https://longbridge.com/en/quote/RIOT.US.md) - [Bitwise Bitcoin ETF (BITB.US)](https://longbridge.com/en/quote/BITB.US.md) - [ProShares Bitcoin ETF (BITO.US)](https://longbridge.com/en/quote/BITO.US.md) - [Core Scientific, Inc. (CORZ.US)](https://longbridge.com/en/quote/CORZ.US.md) - [Fidelity Wise Origin Bitcoin Fund (FBTC.US)](https://longbridge.com/en/quote/FBTC.US.md) - [Grayscale Bitcoin Trust ETF (GBTC.US)](https://longbridge.com/en/quote/GBTC.US.md) - [ARK Blockchain & Fintech Innovation ETF (ARKF.US)](https://longbridge.com/en/quote/ARKF.US.md) - [Bitdeer Technologies Group (BTDR.US)](https://longbridge.com/en/quote/BTDR.US.md) - [MARA Holdings, Inc. (MARA.US)](https://longbridge.com/en/quote/MARA.US.md) - [VanEck Bitcoin ETF (HODL.US)](https://longbridge.com/en/quote/HODL.US.md) - [Strategy Inc (MSTR.US)](https://longbridge.com/en/quote/MSTR.US.md) - [iShares Bitcoin Trust ETF (IBIT.US)](https://longbridge.com/en/quote/IBIT.US.md) - [Grayscale Bitcoin Adopters ETF (BCOR.US)](https://longbridge.com/en/quote/BCOR.US.md) - [BTC/HKD (BTCHKD.VAHK)](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTC/USD (BTCUSD.VAHK)](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [Riot mines 5,686 BTC and earns $647mln in 2025 – Yet its stock barely moved](https://longbridge.com/en/news/277822563.md) - [American Bitcoin boosts hashrate with 11,298 new mining machines](https://longbridge.com/en/news/277654726.md) - [Bitcoin miner Riot Platforms' 2025 revenue rises](https://longbridge.com/en/news/277518329.md) - [MARA opens door to selling stockpiled bitcoin in new policy shift](https://longbridge.com/en/news/277620083.md) - [From Contraband to Cash Flow? Paraguay To Mine Bitcoin With 30,000 Seized Rigs](https://longbridge.com/en/news/277876019.md)