DALLAS, April 8, 2026 /PRNewswire/ – Cango Inc. (NYSE: CANG), a number one Bitcoin miner leveraging its world operations to develop an built-in vitality and AI compute platform, in the present day introduced its operational replace for March 2026. Cango is strategically optimizing its mining operations to prioritize money margin over scale. This consists of refining the mining fleet, decommissioning inefficient miners, deploying different fashions corresponding to hashrate leasing in areas with excessive internet hosting charges, and migrating capability to lower-cost energy areas.
Operational Technique: Focused Effectivity and Danger Mitigation
As of March 31, 2026, Cango’s complete operational hashrate stood at 37.01 EH/s, consisting of core self-mining fleet and hashrate leasing preparations. This lean-production mannequin prioritizes margin resilience over uncooked scale.
- Fleet Modernization & Geographic Migration: Cango is selectively implementing {hardware} upgrades throughout parts of its unique fleet. By deploying S21/S21XP sequence miners particularly in areas experiencing elevated energy prices, corresponding to Paraguay and Oman, Cango leverages superior vitality effectivity (J/TH) to offset electrical energy prices. Concurrently, Cango continues migrating its broader fleet to steady, lower-cost jurisdictions.
- Income Sharing Preparations: Cango has deployed a revenue-sharing mannequin at particular higher-cost websites with internet hosting companions for the rest of their internet hosting contracts. This collaborative association aligns pursuits, guaranteeing operations stay viable for each Cango and its internet hosting companions throughout market volatility.
Whereas some optimization efforts stay ongoing, Cango’s focus is guaranteeing constructive site-level money margins for better draw back safety of its core mining enterprise.
Proactive Price Administration
The shift towards a lean-production mannequin has resulted in a considerable discount in unit manufacturing prices. In March 2026, Cango achieved a mean money value per coin of $68,215.83. This represents a 19.3% discount in comparison with the common money value of $84,552 per coin reported in This autumn 2025. This improved value foundation positions Cango’s mining operations on a self-sustaining footing.
Strategic De-leveraging
In March, Cango accomplished a strategic sale of two,000 Bitcoins, with proceeds used to retire excellent Bitcoin-backed loans. As of March 31, 2026, Cango’s complete excellent Bitcoin-backed mortgage steadiness was $30.6 million, with a treasury place of 1,025.69 Bitcoins. This de-leveraging, mixed with latest capital infusions together with a $65 million fairness funding from management and a $10 million convertible bond from DL Holdings, strengthens Cango’s steadiness sheet to help its deliberate transition into vitality and AI infrastructure.
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