<b>Cango Embarks on Ambitious AI Compute Infrastructure Venture</b>

Cango, a company with a significant presence in the cryptocurrency mining industry, has made a bold move towards a new direction – AI compute infrastructure. The company has secured a substantial $75.5 million in funding to support its transition from mining to AI, with the funds earmarked for its EcoHash Technology subsidiary.

The strategic pivot is driven by financial pressure and market opportunity. Despite generating $688.1 million in revenue in 2025, Cango reported a net loss of $452.8 million due to high production costs and impairments. The company's leadership has taken steps to address this challenge by repurposing its global mining footprint to build an AI compute network.

The new subsidiary, EcoHash Technology, will focus on providing flexible, cost-effective AI inference solutions by leveraging existing power and cooling assets. This strategic shift is expected to provide the company with a higher growth trajectory than its current mining operations.