Bitmain-affiliated Cango eyes AI pivot following 2024 splash into Bitcoin mining
The Bitmain-affiliated Cango (NYSE: CANG) is the latest Bitcoin miner to join the AI/HPC rush, announcing in an investor shareholder letter from CEO Paul Yu the company’s “expansion into energy infrastructure and HPC.” No formal announcement of site expansions, purchases or other developments for HPC were included in the letter. “We are standing at the threshold of a new technological frontier, where the convergence of energy and HPC will power the next era of compute. With the resilient foundation we hav ...