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

Cango Inc. Outlines Strategic Transformation in 2025 Shareholder Letter

Cango Inc. recently issued a pivotal letter to its shareholders reflecting on significant developments in its strategic transformation during 2025. The company, which specializes in Bitcoin mining, is embarking on a new phase of entrepreneurship as it sets its sights on expanding into AI compute infrastructure.

The letter, addressed to shareholders, highlights the accomplishments of the previous year, including the establishment of a solid operational foundation in the Bitcoin mining sector, with significant strides made across four key global regions. Cango has successfully acquired a hashrate capacity of 50 EH/s and has focused on enhancing the efficiency of its energy utilization. Key milestones such as divesting from legacy operations, securing 50 MW of energy infrastructure, and achieving a direct NYSE listing have been vital in setting a robust groundwork for future growth.

One of the core focus areas for Cango is addressing the “Power Gap” challenge in the rapidly growing AI sector—where demand for computing power often outweighs the current grid capabilities. The company is strategically positioned to leverage its existing infrastructure to meet these rising demands, transforming its mining capabilities into a powerful resource for AI applications.

Cango's leadership envisions a three-phase roadmap for this ambitious transition:

1. Near-Term Deployment: The company intends to deploy modular, containerized GPU compute nodes that can be swiftly integrated across its global infrastructure. This approach aims to provide on-demand compute capacity utilizing energy generated from ongoing mining operations, all while keeping operational upgrades minimal.

2. Medium-Term Innovation: In addition to hardware, an advanced software platform to orchestrate and streamline the operation of these distributed compute nodes is on the agenda. This will enable Cango to function as an ecosystem enabler, offering a cohesive, reliable network that simplifies infrastructure management.

3. Long-Term Global Scaling: The ultimate vision is to evolve into a comprehensive global AI infrastructure platform. This will involve activating underutilized energy resources across various mining facilities, thereby establishing enduring revenue streams and facilitating compute agreements that remain resilient through varying market conditions.

To spearhead this initiative, Cango has launched EcoHash Technology LLC, a dedicated subsidiary based in Dallas, Texas, focused specifically on AI compute advancements. The company has appointed a new Chief Technology Officer for AI, tasked with building a team to lead the technical execution of this transition.

Cango is not only focused internally but aims to uplift the broader ecosystem as well. By enhancing the utility of existing energy resources within the cryptocurrency mining sector, the company hopes to guide fellow operators toward adapting their facilities for AI applications efficiently, creating an inclusive growth environment within the industry.

As the company evolves, it acknowledges the journey ahead will require persistent effort and focuses on a well-defined roadmap towards transforming from a mining-centric model to one that is deeply integrated with AI compute demands. While the transition is projected to span several years, Cango remains committed to executing each step with diligence and foresight.

In conclusion, Cango Inc.'s shareholder letter marks a significant moment of reflection and ambition, previewing a future where Bitcoin mining and AI computing converge to create a new landscape within the digital economy. As the company looks ahead, it reassures stakeholders of its unwavering commitment to growth and innovation in the years to come.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a leading Bitcoin mining enterprise committed to establishing a comprehensive global infrastructure platform that powers the digital economy. Operating over 40 facilities worldwide, Cango is also venturing into AI computing and is actively involved in international car exports through AutoCango.com. For further details, visit Cango Online.