EcoHash goes commercial

Cango’s EcoHash unit opened for business on April 13, giving outside customers a new way to buy artificial intelligence computing from a Bitcoin miner’s power network. (prnewswire.com) Cango said EcoHash’s new website is now the front door for its high-performance computing and artificial intelligence inference services. The company said it is targeting artificial intelligence developers that want low-latency capacity close to users and operators looking for modular computing infrastructure. (prnewswire.com) Artificial intelligence inference is the stage when a trained model answers prompts, classifies images, or generates text for users. EcoHash said it plans to handle that work by linking standardized computing modules to Cango’s existing energy sites through software it calls the EcoLink Orchestration Platform. (prnewswire.com) Cango is using a 50-megawatt facility it owns in Georgia as the first demonstration site for the project. The company said the site will run containerized systems and serve as a “living showroom” for partners considering similar deployments. (prnewswire.com) The move extends a strategy Cango laid out on February 9, when it told shareholders it wanted to evolve from a global Bitcoin miner into an artificial intelligence compute infrastructure platform. In that letter, Cango pointed to its August 2025 purchase of the Georgia facility for $19.5 million as part of a broader energy-and-compute buildout. (prnewswire.com) Cango still gets most of its money from mining Bitcoin. In results released on March 16, the company said 2025 revenue reached $688.1 million, including $675.5 million from Bitcoin mining, while adjusted earnings before interest, taxes, depreciation, and amortization were $24.5 million for the year. (sec.gov) The balance sheet has been under pressure as that pivot unfolds. Cango said in the same March 16 release that it posted a net loss from continuing operations of $452.8 million in 2025, and on April 2 it said it had raised $75 million in new financing to fund EcoHash and related energy infrastructure. (sec.gov; cangoonline.com) Power is the constraint behind the pitch. Goldman Sachs Research said in February 2025 that global data-center electricity demand could rise 165% by 2030 from 2023 levels as artificial intelligence systems spread, a backdrop Cango is using to argue that existing energy access can be turned into computing revenue. (goldmansachs.com; prnewswire.com) EcoHash’s first commercial step is small next to Cango’s mining business, but it gives the company a live customer-facing product instead of a shareholder plan. The next test is whether the Georgia site can turn a Bitcoin mining footprint into repeat sales for artificial intelligence inference. (prnewswire.com; sec.gov)