The Flow: Capital → Computing Power → Value Cango’s model is built around turning capital into computing power, and then turning that computing power back into value. The loop is straightforward but it’s far from risk-free. Money enters the system in two main ways: Investor capital: people buy shares to fund operations. Bitcoin mining revenue: Bitcoin is produced directly by the machines. From there, capital is deployed into machines, electricity, hosting, and infrastructure. Some is even use...
