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Cango Inc. filed a Form 6-K on August 31, 2026, detailing a second-quarter performance marked by a transition from pure-play Bitcoin mining toward a diversified model involving artificial intelligence (AI) infrastructure. The company's total revenue of $50.8 million represented a significant decrease from the first quarter, which management attributed to a proactive reduction in operating hashrate. This reduction involved phasing out older S19 series mining machines and shifting a portion of capacity to a hosted leasing model.
The Board of Directors of Miami-headquartered American Bitcoin Corp. selected Paul Sacks, 53, to oversee financial operations on an interim basis. Sacks will maintain his existing role as Head of Derivatives, which he has held since joining the firm in May 2026. The company confirmed that his compensation package and benefits will remain unchanged despite the expanded responsibilities.
Bitcoin’s hashrate is back above 1 ZH/s despite public miners’ AI pivot, as Bitdeer expands and smaller buyers gain access to new and old mining hardware. ...
Foundry CEO Mike Colyer is stepping down after seven years as the Bitcoin pool’s block share retreats and miners shift infrastructure toward AI. ...
DCG’s Zcash miner Fortitude named former Hut 8 CEO Jaime Leverton as its new chief ahead of a planned Nasdaq listing through a HeartSciences merger. ...
Bitcoin beat most AI infrastructure stocks over the past month as ETF inflows and a historic short squeeze revived Canaan, Cango and American Bitcoin. ...
Bitdeer mined 1,190 bitcoin in July as its estimated share of network rewards reached 8.712%, while the company expanded its AI cloud and long-term colocation c...
Public miners and AI infrastructure peers recorded $30.7 billion of 2026 net capital spending, already 43% above their full-year 2025 total. ...
AI HPC deals are getting bigger and more frequent, but their power to pump bitcoin mining stocks is fading as investors scrutinize costs, financing and executio...