How Cango Inc. Went from Car Finance to Global #2 Bitcoin Miner — And Why Its $540M Market Cap Is a Massive Mistake
The Unseen Treasury
I was at Goldman Sachs when crypto was still called ‘speculation.’ Now I see Cango Inc. (NYSE: CANG), once a 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
In Q1 2025, Cango mined \(144M in BTC at \)70,602/coin cost—half the industry average. Their 50 EH/s hash rate ranks #2 globally, behind only MARA Holdings. Yet their market cap? \(540M. Core Scientific? \)522M with half the hashpower. Riot Platforms? $436M for 31.5 EH/s.
Why is this happening? Because markets price equity based on narrative—not on real assets.
The Green Stack
Cango doesn’t run on coal or grid power—it runs on solar and geothermal now. By Q3 2025, 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.
ShadowCipher94
Hot comment (3)
Cango hat nicht mal Kohle gemined — sie haben Solarpanels auf Blockchain gelegt! Wer dacht‘Bitcoin-Minen’ wäre Verkauf? Nein, das ist Konstitutional-Code mit Heizung und digitaler Gold — wie ein bayerischer Uhrmacher aus Frankfurt! Wer noch Meme-Coin-Hype will? Die Leute lesen die Chain — nicht die Wall Street. Und wer jetzt den Hash-Rate zählt? Der Chef trinkt Kaffee und wundert sich: „Warum ist mein Portfolio so teuer?“ 🤔 #DeFiOderNicht?
ক্যানগো টা কি Bitcoin মাইনিং? না, এটা to be the central bank of God!
গঙ্গেসের পাড়ায় ৩-৩-১-এইটের ‘মিনিং’—এইখানেই ‘স্টকিং’!
পড়ছেন?
আপনি ‘হ্যাশরেট’-এর ‘অপশন’-এরদিকেও NFT-এর ‘মিম’-এরদিকেও ‘লবজ’…
চলুন, 3 AM-এ K-line-এর “ধুম”-টা “ফ্ল্যাশ”-
click here → buy staking.
আপনি ‘মেম’-এখনও “ভয়”?
(পড়তেই…)
Cango no mina BTC… ¡mina sueño verde! En vez de carbón, usa paneles solares y una taza de café mientras calcula el precio del bitcómic con la mirada de un sabio silencioso. Su hash rate es #2 mundial… pero su capital? Menos que mi abuela en la siesta matutina. ¿Por qué nadie compra meme coins? Porque aquí lo que se hoarde es la soberanía digital — y el algoritmo no grita, solo susurra en español con estilo Madrid. ¿Tú crees que esto es mining? No. Es constitutional code con toque de bodega.
