Have you watched sci-fi movies where characters switch bodies and are reborn?
Cango @Cango_Group This company is basically a real-life version of the "Ship of Theseus." A year ago, it was just a straightforward car finance company, an "honest guy." In the blink of an eye, it sold that business for 350 million USD in cash, crossed over physically, and became the most hardcore Bitcoin mining company in the US stock market. This plot is so outrageous that even TV dramas wouldn’t dare to depict it. These people are really ruthless, completely replacing the company's original "essence." Q3 financial report directly reveals: Revenue of 220 million USD, 98% from mining, and they even hoarded over 5800 Bitcoin without selling. This isn’t just a transformation; it’s a "head transplant." Their current approach is a brutal aesthetic of "energy + computing power," using mining machines to find the cheapest electricity in the Middle East and Southeast Asia, mining with one hand and building AI infrastructure with the other. What I find most interesting is their intuition. While others are still making pie charts on PPT, they’ve already embedded computing power in the deserts of Oman. This extreme cash-driven approach and their obsession with regulation (100% overseas) make Cango a unique "liquid organism." At this critical moment where crypto and AI collide, they prove one thing with real money: In the capital markets, the ones who last the longest are not the strongest, but the fastest to transform.
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Have you watched sci-fi movies where characters switch bodies and are reborn?
Cango @Cango_Group This company is basically a real-life version of the "Ship of Theseus."
A year ago, it was just a straightforward car finance company, an "honest guy." In the blink of an eye, it sold that business for 350 million USD in cash, crossed over physically, and became the most hardcore Bitcoin mining company in the US stock market.
This plot is so outrageous that even TV dramas wouldn’t dare to depict it.
These people are really ruthless, completely replacing the company's original "essence."
Q3 financial report directly reveals:
Revenue of 220 million USD, 98% from mining, and they even hoarded over 5800 Bitcoin without selling.
This isn’t just a transformation; it’s a "head transplant."
Their current approach is a brutal aesthetic of "energy + computing power," using mining machines to find the cheapest electricity in the Middle East and Southeast Asia, mining with one hand and building AI infrastructure with the other.
What I find most interesting is their intuition.
While others are still making pie charts on PPT, they’ve already embedded computing power in the deserts of Oman.
This extreme cash-driven approach and their obsession with regulation (100% overseas) make Cango a unique "liquid organism."
At this critical moment where crypto and AI collide, they prove one thing with real money:
In the capital markets, the ones who last the longest are not the strongest, but the fastest to transform.