Cango Inc. takes over 50 mW-bitcoin mining system in Georgia!

Cango Inc. takes over 50 mW-bitcoin mining system in Georgia!

Georgia, USA - Cango Inc. (NYSE: Cang) announced on August 11, 2025 to acquire a 50 mW bitcoin mining system in Georgia for $ 19.5 million in cash. This step marks a significant transition in the corporate strategy, with a clear focus on Bitcoin mining and the development of the energy infrastructure.

The acquisition is part of Cango's efforts to build a diversified portfolio of its own and self-operated mining systems. CEO PENG YU emphasizes the crucial role of this takeover for the vertical integration and long -term diversification of the corporate portfolio. In the future, 30 MW of the new system will be used for its own operation, while 20 MW are available for hosting services for third-party customers.

strategic energy vision

The new mining system, which is equipped with all the necessary infrastructures and personnel accommodation, is the basis for the expansion and development of Cango Inc. in the area of Bitcoin mining, as reported [Chainwire]. A central goal of the company is the integration of long -term electricity delivery contracts to optimize electricity costs and to expand the operating capacity.

In order to improve operational efficiency and financial stability, Cango also plans the acquisition of inexpensive electricity generation plants. These strategic steps lay the foundation for a changeover to the energy supply of high-performance computing (HPC) applications and strengthen the company's competitiveness.

sustainability and energy future

Despite the often criticized energy consumption in Bitcoin mining, this industry also offers significant opportunities for the future of energy, according to Matthias Reder, Account Manager and Mining expert among bitkers. Bitcoin mining can react flexibly to the availability of energy by adapting activities in order to increase consumption and reduce if there is an overflow. Such approaches have already been successfully implemented in various projects in Austria and Germany to ensure network stability.

Bitkern, a provider of professional mining solutions, also focuses on sustainable energy sources and offers turnkey solutions for easy entry into mining. By using excess energy and innovative concepts, miners can actively contribute to solving energy and infrastructure problems and at the same time promoting economy and sustainability.

With the acquisition of the 50 MW system in Georgia, Cango Inc. has not only taken another step into a diversified energy future, but also put a clear focus on the integration of energy efficiency into its business strategy. The upcoming developments are eagerly awaited, while Cango continues to strengthen his position in Bitcoin mining.

For detailed information, please visit [ots] and [Chainwire]. Further aspects of the energy future in Bitcoin mining also illuminates [Bitkern].

OTS | Chainwire | Bitkern