Cango Inc: EcoHash Launches, Cash Cost Per BTC Mined Drops 20%

120 Views13 May 2026 09:32

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SUMMARY

Bitcoin Holding & Mining Updates. The Company has undergone a number of changes recently with its Bitcoin business, including selling off 11 EH/s of capacity, shifting from fully self-mining to partial hashrate leasing, and selling off a large portion of its BTC treasury.
As noted in a footnote in the 20-F, Cango sold 11 EH/s of capacity starting in late March for $19.8 million, with a loss on the sale expected to be roughly $20.8 million.
Starting in March, Cango began shifting self-mining capacity to a hash-rate leasing model.

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