Cango Inc. (CANG) Surges 16.31% on Strategic Operational and Financial Developments

Cango Inc. (CANG) surged 16.31% in pre-market trading on January 6, 2026, signaling renewed investor confidence amid strategic operational and financial developments.

The company has expanded its Bitcoin mining capacity to 50 EH/s, leveraging a disciplined approach to fleet upgrades and maintaining over 90% utilization. A key driver of resilience is the acquisition of a 50 MW Georgia facility, which reduces costs and aligns with long-term renewable energy goals. This diversification strengthens Cango’s position in a volatile sector reliant on energy efficiency and regulatory stability.

Shareholder Enduring Wealth Capital injected $10.5 million in December 2025, boosting its stake to 4.69% and underscoring alignment with Cango’s dual strategy of Bitcoin mining and high-performance computing (HPC) infrastructure. The firm’s “mine and hold” approach—accumulating over 7,500 BTC by year-end—provides liquidity buffers and strategic flexibility. Combined with $44.9 million in cash reserves, this positions Cango to navigate Bitcoin’s price volatility.

Despite a $295 million Q2 2025 loss, Cango demonstrated recovery in Q3, with revenue rising 60.6% and net income of $37.3 million. Debt management, including extended maturities and borrowing costs capped at 7–8% annually, further mitigates financial risks. The company’s pivot toward energy-secured HPC infrastructure signals a long-term vision to capitalize on growing demand for compute resources, supported by robust shareholder backing and operational discipline.