Cango aims to increase efficiency in Bitcoin mining.

Cango's Bitcoin Mining and Artificial Intelligence Strategy

Cango announced that it has designed a plan to strengthen its bitcoin mining operations. The company will prioritize increasing operational continuity and improving energy efficiency. These steps aim to optimize the efficiency of mining activities.

At the same time, Cango is also continuing its efforts to target a strategic entry into the Artificial Intelligence High-Performance Computing (AI HPC) market. The company's board of directors has made significant decisions to support these new strategies.

Additionally, the Cango board of directors has approved the direct listing on the New York Stock Exchange. The company is expected to begin its public offering process on November 17.