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CryptoMedium•13 February 2026•

1 min read

Cango Secures $75.5M Funding, Pivots from Bitcoin Mining to AI Infrastructure

Golden Bitcoin coins, digital charts, and upward green arrows on an orange world map background, depicting crypto growth.

Cango, a former Bitcoin mining firm, has successfully secured $75.5 million in funding as it strategically pivots towards artificial intelligence (AI) infrastructure. This significant capital injection follows the company's prior sale of $305 million worth of Bitcoin. The move signifies a major restructuring of Cango's balance sheet, aimed at adapting to sector volatility and pursuing new growth avenues. A key investor's voting power within the company has concurrently increased to nearly 50%, underscoring the strategic shift. This transition reflects a broader trend among crypto-related entities diversifying their operations.