Cango still held 1,025.69 BTC in its treasury as of the end of March 31, valued over $73 million as of this writing. The firm’s total hash rate stood at 37.01 EH/s as of the end of March, split between 27.98 EH/s from self-mining and 9.02 EH/s from leasing arrangements.
The operational restructuring involved more than simple downsizing. In high-cost hosting locations, Cango deployed hash rate leasing models to maintain revenue without bearing full operational expenses, according to the company’s announcement.
Cango plans to redirect capital from its deleveraging efforts toward AI computing infrastructure, positioning the cost reductions as preparation for business model expansion. The same filing indicated the company views AI infrastructure as a natural extension of its existing power and facility investments.
The efficiency focus reflects shifting priorities among public Bitcoin miners facing compressed margins and market volatility. Rather than competing solely on hash rate growth, companies are examining unit economics and alternative revenue streams. Several Bitcoin mining firms have made moves into powering AI computing needs, even abandoning their original business focuses in an effort to chase larger profits amid the AI boom.
