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