Cango outlines AI pivot in 2025 shareholder letter
Bitcoin miner Cango Inc. released a letter describing a roadmap to transition into an AI compute infrastructure platform and reportedly sold BTC to fund the shift.
DALLAS, Feb. 9, 2026 — Cango Inc. (NYSE: CANG) released a 2025 letter to shareholders outlining a strategic transformation and a roadmap to evolve from a global Bitcoin miner into an AI compute infrastructure platform [1].
The company said it executed a disciplined entry into the industry over the past year, balancing speed with operational prudence and building a global mining footprint across four regions; it reported commitments including acquiring and improving the hashrate efficiency of 50 EH/s of on‑rack machines [1][3][5].
Separately, reports state Cango completed a $305 million sale of BTC to support its AI pivot, a move described as intended to diversify revenue streams and reduce reliance on volatile crypto markets [6].
Taken together, the shareholder letter and the reported BTC sale indicate Cango is shifting capital and strategic focus from pure Bitcoin mining toward building AI compute infrastructure [1][6].
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Citations
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- 1Cango Inc. Releases 2025 Letter to ShareholdersCrypto Daily• Feb 9, 2026
- 3Cango Inc. Releases 2025 Letter to ShareholdersCoinoMedia• Feb 9, 2026
- 5Cango Inc. Releases 2025 Letter to ShareholdersCaptainAltcoin• Feb 9, 2026
- 6Bitcoin miner Cango completes $305 million BTC sale to support its AI pivotCrypto Briefing• Feb 9, 2026
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