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Chainwire

Cango Inc. unveils AI compute pivot in Feb. 9, 2026 letter, citing 50 EH/s, 50 MW

Cango Inc. (NYSE: CANG) on Feb. 9, 2026 released a shareholder letter detailing a shift from global Bitcoin mining to building an AI compute infrastructure platform. The company highlighted milestones including 50 EH/s of on‑rack machines and 50 MW of energy capacity, and outlined a three‑phase roadmap plus a new Dallas subsidiary to accelerate execution. It also noted a treasury adjustment to cut leverage and fund expansion.
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