DALLAS, Feb. 9, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG ) today released a letter to shareholders outlining its strategic changes and roadmap to evolve from a global Bitcoin miner to an AI computing infrastructure platform.
Over the past year, Kango has made a disciplined entry into the industry, balancing speed with operational caution to solidify its position as the leading Bitcoin miner with a global foothold in four key regions. Key commitments were met, including achieving and increasing the hashrate of 50 EH/s rack machines, adopting a strategic treasury approach, divesting legacy operations, securing 50 MW of energy infrastructure, and completing the transition to direct NYSE listing. These milestones laid the foundation for Cango’s transition from hashpower to a global distributed computing network.
In response to market conditions, Kango has made treasury adjustments to strengthen its balance sheet and reduce leverage, creating increased capacity to fund strategic expansion in its AI computing infrastructure.
The Strategic Logic Behind the Proposed Pivot
Cango’s global mining operations, operational expertise and infrastructure provide a practical way to achieve AI computing goals. The rapidly growing era of AI is facing a “power curve” – the disconnect between increased computing demand and available network capacity. Leveraging globally available network-connected infrastructure, Cango is able to provide flexible, high-performance computing capacity to meet long-term mining demands through a scalable business model.
This transition follows a three-phase disciplinary roadmap:
Near term: Standardization and efficient deployment of containerized GPU modular nodes for rapid deployment that offers on-demand computing capacity.
Mid-term: Deploying a proprietary software platform for orchestration that transforms Cango into an enterprise-grade integrated network enabler.
Long-term: Global scale to a mature AI infrastructure platform, enabling underutilized power to create sustainable and recurring revenue streams.
To accelerate this transition, Cango created EcoHash Technology LLC, a wholly-owned subsidiary in Dallas, Texas, dedicated to advancing AI computing initiatives under the leadership of a newly appointed AI CTO.
The company also bills itself as an “ecosystem enabler” for the broader mining industry, providing a technically feasible way to adapt existing energy infrastructure for AI operations with pre-managed commitment.
Cango recognizes that this transition is a multi-year journey, but believes that its infrastructure and operational expertise provide a clear path to unlock new sustainable revenue streams and improve core mining operations.
View original content: https://ir-image.cangoonline.com/ir-documents/2026-02-09_Cango-Inc-Releases-2025-Letter-to-Shareholders.pdf
Contact with investors
Juliet YE, Head of Communications Department
Cango Inc.
Email: (email protected)
