Cango Posts 454.83 BTC Production, 50 EH/s Hashrate and Treasury Policy Change
Cango produced 454.83 BTC in February, boosting its treasury to 3,313.4 Bitcoins with deployed hashrate at 50 EH/s (average 34.55 EH/s). The company revised its treasury policy to fund operations and AI infrastructure via hosting renegotiations, equipment upgrades and rig divestments.
1. February Bitcoin Production
Cango generated 454.83 BTC in February, increasing its Bitcoin treasury to 3,313.4 BTC as of month-end. This output underscores the company’s asset accumulation and mining efficiency.
2. Hashrate Deployment and Fleet Optimization
At month-end, Cango’s deployed hashrate reached 50 EH/s, with an average operating hashrate of 34.55 EH/s during February. Temporary downtime for fleet optimization and relocation efforts weighed on utilization but is expected to improve as operations migrate to lower-cost power regions.
3. Treasury Policy Update
The company updated its Bitcoin treasury policy to allocate liquidity from its holdings toward operational expenses and strategic AI infrastructure projects. This disciplined framework aims to enhance capital efficiency and support long-term shareholder value while preserving strategic optionality.
4. Operational and Strategic Initiatives
Cango is renegotiating hosting agreements, upgrading mining equipment and divesting select rigs to strengthen its balance sheet. Proceeds from these measures will fund the shift toward integrated energy solutions and high-performance AI computing infrastructure.