ক্যাঙ্গো ইনকের বিটকয়েন রহস্য

The Unseen Treasury

আমি Goldman Sachs-এর সময় crypto-কে ‘স্পেকুলেশন’ভাবতাম।如今 Cango Inc. (NYSE: CANG)—একটি car finance firm, quietly built one of the world’s most efficient Bitcoin mining operations—without selling a single BTC। They didn’t chase Meme coins or hype—they hoarded what others dumped। That’s not optimism. It’s protocol.

The Math Doesn’t Lie

2025 Q1-এ Cango \(144M BTC mine कরেছিল \)70,602/coin cost-এ—অর্ধেক industry average। 50 EH/s hash rate global #2—MARA Holdings-এর पीछে। Market cap? \(540M। Core Scientific? \)522M with half the hashpower। Riot Platforms? $436M for 31.5 EH/s。

The Green Stack

Cango coal or grid power-এ run کরছিল نা—solar and geothermal-এ run कরছিল। Q3 2025-এ they’ll hit 100% green energy mining: zero marginal cost beyond infrastructure payback。

The Real Play

They didn’t pivot to crypto—they pivoted to sovereignty। Their treasury model: hold until price hits $150K → trigger strategic减持 → use staking as liquidity buffer → survive black swans। This isn’t mining。It’s constitutional code—like digital gold backed by hardware and heat, not by华尔街的财报。

Why You’re Still Underestimating CANG

If you think ‘mining’ = selling—you missed the point。Cango isn’t producing Bitcoin。It’s locking it away like central bank reserves—with algorithmic certainty। The next bull run won’t be driven by traders—it’ll be driven by those who read the chain。