This mining company made a turnaround in a year: 50 EH/s Computing Power + daily production of 21 BTC, and is also eyeing AI Computing Power.

[Block Rhythm] Let me share an interesting story. A mining company called Cango recently submitted an impressive performance report. In Q3 2025, they directly achieved $225 million in revenue, a rise of more than 60% compared to the previous quarter, with an operating profit of $43.5 million and a net profit of $37.32 million. It's worth noting that they were still losing money during the same period last year; this turnaround is quite remarkable.

The key point is the computing power aspect - now the global deployment has reached 50 EH/s, firmly entering the first tier of the industry. In the third quarter, 1930.8 bitcoins were mined, averaging 21 coins credited per day, with a single coin cost controlled at 99,383 dollars. How did they achieve this? They replaced all equipment with T21 and S21 series new mining machines and directly acquired a 50 megawatt mining farm in Georgia, pushing the computing power utilization rate to over 90%. In October, the operational computing power surged again to 46.09 EH/s.

Additionally, there is a new trend worth noting: they have begun to layout AI computing power, claiming to create a “global distributed AI computing power network driven by green energy.” Utilizing the distributed operational experience and energy resources accumulated from previous mining, they aim to build standardized GPU computing power pools, specifically targeting the differentiated services needed by small and medium-sized enterprises. New energy pilot projects have already been launched in Oman and Indonesia, and it is estimated that they will be implemented within a year or two.

From mining to AI computing power, this transformation path is quite clear.