#United States #Dallas #Bitcoin Mining #Cango Inc. #AI Computing

Cango Inc. Reports February 2026 Operations Update

Cango Inc. (NYSE: CANG), a prominent player in Bitcoin mining, has recently shared an insights-driven update regarding its operations as of February 2026. This report is a significant step towards illuminating Cango's planned strategic shift from traditional Bitcoin mining to a more diversified approach integrating artificial intelligence (AI) and energy solutions.

The company is making strategic modifications to its Bitcoin treasury policy to enhance liquidity, capital efficiency, and ultimately, shareholder value. Cango intends to utilize its liquidity derived from Bitcoin holdings to cover operational expenses and undertake selective initiatives that align with its long-term vision for sustainable growth in the spheres of energy and AI technology. This forward-thinking approach demonstrates Cango's commitment to building an integrated, global infrastructure that can harness the full potential of future digital economies.

Operational Highlights

Cango’s performance in February included:

• - Bitcoin Production: The company successfully mined 454.83 BTC over the month, leading to a total holding of 3,313.4 Bitcoins as of February 28.
• - Computing Power: By the end of the month, Cango’s operational hashrate reached 50 EH/s, with an average operating hashrate of 34.55 EH/s. These numbers reflect a temporary dip due to optimization undertakings as Cango relocates and enhances its mining fleet.

In response to current market fluctuations and industry challenges, Cango is optimizing its mining operations. This includes:

• - Renegotiating Hosting Agreements: Creating better terms for hosting its mining equipment to improve profits and operational efficiencies.
• - Upgrading Equipment: Investing in next-generation technology to increase performance and reduce energy costs.
• - Divesting Selected Rigs: Selling underperforming rigs to strengthen its balance sheet and finance its transition into more energy-efficient locations.

Strategic Vision for the Future

Cango not only engages in Bitcoin mining but also aspires to create robust infrastructures that support AI and high-performance computing. By establishing over 40 operational sites across North America, the Middle East, South America, and East Africa, Cango is paving the way for initiatives in energy solutions and distributed AI computing.

Since entering the digital asset landscape in November 2024, the company has initiated pilot projects that focus on merging and optimizing energy solutions with AI capabilities. Additionally, they maintain an international online used car export service via AutoCango.com, further diversifying their operational portfolio.

Conclusion

As Cango Inc. journeys forward, their latest operations update signifies a concrete step in reshaping their business model to adapt to future market demands and technological advancements. The company remains committed to its long-term roadmap, dedicated to preserving a disciplined approach while exploring new avenues for growth and innovation in the ever-evolving landscape of digital assets and computing technologies. Moving ahead, stakeholders can anticipate more updates reflecting Cango's advancements and strategic initiatives.

For further information, inquiries can be directed to Cango Inc.'s communications head, Juliet Ye, or through their official online platforms.