Cango announces operational update for March

Cango (CANG) announced its operational update for March. Cango is strategically optimizing its mining operations to prioritize cash margin over scale. This includes refining the mining fleet, decommissioning inefficient miners, deploying alternative models such as hashrate leasing in regions with high hosting fees, and migrating capacity to lower-cost power regions. As of March 31, Cango’s total operational hashrate stood at 37.01 EH/s, consisting of core self-mining fleet and hashrate leasing arrangements. The company said this lean-production model prioritizes margin resilience over raw scale.