Back
Cango Inc. Produces 454.83 Bitcoin in February, Holds Over 3,300 BTC

Cango Inc. Produces 454.83 Bitcoin in February, Holds Over 3,300 BTC

The company operated at an average 34.55 exahash per second and announced plans to shift its Bitcoin asset strategy toward supporting global AI and high-performance computing initiatives.

BTC

Fact Check
The claim is verified by Cango Inc.'s official February 2026 operations update (PR Newswire) and corroborated by multiple reputable crypto news outlets including The Block and Blockspace Media. All specific figures (454.83 BTC produced, 3,313.4 BTC held, 34.55 EH/s average hashrate) and the strategic shift toward AI are accurately reflected in the statement.
    Reference: 123
Summary

Cango Inc. (listed on the New York Stock Exchange) reported producing 454.83 Bitcoin (BTC) in February 2025, bringing its total holdings to 3,313.4 BTC as of February 28. The company operated mining capacity of 50 exahash per second (EH/s), though the monthly average was reduced to 34.55 EH/s due to temporary downtime. In addition to operational data, Cango announced an updated Bitcoin asset strategy aimed at funding its transition into global artificial intelligence (AI) and high-performance computing (HPC) infrastructure. The move reflects a growing industry trend where Bitcoin mining firms use their digital assets to finance broader technology-driven initiatives.

Terms & Concepts
  • Hashrate: A measure of computational power used in Bitcoin mining, expressed in hashes per second.
  • Exahash per second (EH/s): Unit representing one quintillion (10^18) hashes per second, used to quantify mining capacity.
  • High-performance computing (HPC): Advanced computing systems capable of processing complex and data-intensive tasks at very high speeds.