DALLAS, Feb. 9, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG) today released a letter to shareholders highlighting its strategic transformation and roadmap to evolve from a global Bitcoin miner to an AI computing infrastructure platform.
Over the past year, Cango has executed a disciplined entry into the industry, balancing speed with operational prudence to build its position as a leading Bitcoin miner with a global footprint across four key regions. Key commitments were met, including acquiring and improving the 50 EH/s hash rate efficiency of rack machines, adopting a strategic treasury approach, divesting legacy operations, obtaining 50 MW of energy infrastructure, and completing the transition to a direct listing on the NYSE. These milestones laid the foundation for Cango’s transition from hosted hashing power to a global distributed inference computing network.
In response to market conditions, Cango undertook a treasury adjustment to strengthen the balance sheet and reduce financial leverage, creating greater capacity to fund strategic expansion in AI computing infrastructure.
The strategic logic behind the proposed turn
Cango’s global mining operations, operational expertise and infrastructure provide a practical path toward AI computing goals. The rapidly growing AI era continues to face a “power gap,” a disconnect between growing computing demand and existing network capacity. By leveraging networked and globally accessible infrastructure, Cango is positioned to deliver flexible, high-performance computing capacity to meet demand for long-tail inference through a scalable business model.
This transition follows a disciplined three-phase roadmap:
Short term: Standardization and efficient deployment of containerized modular GPU nodes for rapid deployment, delivering on-demand computing capacity.
Medium Term: Implementation of a proprietary software platform for orchestration, turning Cango into an enterprise-grade integrated network enabler.
Long term: Globally scale toward a mature AI infrastructure platform, activating underutilized energy to establish long-lasting, recurring revenue streams.
To accelerate this transition, Cango has established EcoHash Technology LLC, a wholly owned subsidiary based in Dallas, Texas, dedicated to advancing AI computing initiatives under the leadership of a newly appointed AI CTO.
The Company also positions itself as an “Ecosystem Enabler” for the broader mining industry, providing a practical technical path to adapt existing energy infrastructure for AI operations with a manageable initial commitment.
Cango recognizes that this change is a multi-year journey, but believes its infrastructure and operational experience provide a clear path to unlock new and lasting revenue streams while complementing its core mining operations.
See original content: https://ir-image.cangoonline.com/ir-documents/2026-02-09_Cango-Inc-Releases-2025-Letter-to-Shareholders.pdf
Investor Relations Contact
Juliet YE, Head of Communications
Cango Inc.
Email: [email protected]
