PANews March 6 News, according to PR Newswire, Cango Inc. (NYSE: CANG) released an update on its computing power and energy business as of February 2026. The company mined 454.83 Bitcoin in that month, holding a total of 3,313.4 Bitcoin as of February 28. By the end of the month, it had deployed 50 EH/s of computing power, with an average operational capacity of 34.55 EH/s, affected by temporary shutdowns due to miner optimization and migration. Cango updated its Bitcoin asset management strategy, allocating some Bitcoin for operational expenses and strategic investments to support the transition from single Bitcoin mining to global AI and high-performance computing infrastructure. The company is also re-signing custody agreements, upgrading equipment, and disposing of some miners to fund migration to low-cost electricity regions and expand AI computing facilities.
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