Bitcoin mining has become one of the most competitive sectors in the digital asset economy, evolving from small-scale operations into large, industrialized networks that now secure the entire Bitcoin blockchain. At its core, mining is about using computing power to validate transactions while consuming vast amounts of energy, a dynamic that has sparked debates on sustainability and innovation.

Amid this backdrop, Cango Inc. (NYSE: CANG) is shaping its own path forward. With a vision that extends beyond mining, the company is exploring how green energy and high-performance computing (HPC) can be integrated into a long-term growth strategy. In this interview with AMB Crypto, Michael Zhang, CFO of Cango Inc., shares key insights into the company’s mission, growth approach, and how it’s navigating the intersection of mining, energy, and technology. 

1. What is Cango’s vision at the intersection of high-performance computing and green energy? Why is this a natural evolution for your business?

Cango is advancing a phased strategic evolution from pure Bitcoin mining to a comprehensive “Energy + HPC” platform, building on our strengths in large-scale, low-cost operations while aligning with the global shift toward sustainability and AI-driven growth.

Our vision follows a three-phase roadmap:

• Near term: Optimize our existing 50 EH/s mining capacity through efficiency upgrades and replicate the proven low-cost operational model of our Georgia mining site in other favorable power markets.
• Medium term: Develop HPC expertise by piloting renewable energy storage projects aimed at achieving near-zero-cost mining, while selectively retrofitting facilities for HPC applications.
• Long term: Build out a dynamic computing platform that intelligently allocates energy between Bitcoin mining and AI workloads, integrating mining, HPC services, and green-energy trading into a synergistic and diversified revenue model.

This evolution is a natural next step for Cango. Our track record in energy efficiency, infrastructure scalability, and operational discipline provides a strong foundation to extend beyond mining into HPC. By aligning computing with green energy storage and AI demand,

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Author: AMBCrypto Team