Source: CanGu

While the market spotlight is still chasing familiar cryptocurrency mining giants, CanGu has quietly polished itself like a "top student" in the corner. Since announcing its entry in November 2024, it has rapidly risen to the second place globally with a hash rate of 50EH/s. Unlike the trend of "sloganeering" and "grand plans," CanGu is genuinely letting its strength speak for itself.

However, from the current market valuation, it is clear that the market is still viewing it through an outdated lens. Currently, CanGu's market value is only around $800 million, while the value of its Bitcoin holdings exceeds $500 million. On the other hand, for investors who are observing, now is a great time to get into CanGu. Because the story of CanGu is far more than just mining.

Separation and Restructuring

Since officially entering the cryptocurrency industry in November 2024, CanGu has successfully increased its hash rate from zero to 50 EH/s through a series of efficient capital operations, including cash acquisitions and equity swaps, ranking just behind MARA, CleanSpark, and IREN. This achievement not only reflects the company's excellent strategic execution but also showcases its ambition in the cryptocurrency mining sector.

As we move into 2025, CanGu's "transformation" continues. In May, it packaged and sold its old business in the mainland to Ursalpha Digital Limited, lightening its load and securing nearly $352 million in cash. This way, its capital story and financial logic have all focused on the core axis of Bitcoin mining. In June, it officially consolidated the remaining 18EH/s of hash rate through equity transactions, bringing its total hash rate to 50EH/s.

Rebuilding After Breaking, CanGu Aims to Become the "Strongest Brain" in HPC

The "mine but don't sell" strategy has allowed CanGu to demonstrate stronger resistance to volatility. According to data disclosed by the company in July, CanGu holds a total of 4,529.7 BTC, producing 650.5 BTC that month. Based on the current Bitcoin price estimates, its holding value has reached approximately $520 million, with a unit hash rate value corresponding to about $14.4 million/EH/s. In comparison, the business models of mining companies like MARA and Riot are mostly "mine and sell to expand," with their unit hash rate values at $116 million/EH/s and $109 million/EH/s, respectively. CanGu's unit hash rate value is only 1/5 to 1/7 of the industry leaders, further proving the market's cognitive bias against CanGu.

From the perspective of operational costs and efficiency, CanGu also shows significant advantages. By operating under a light asset model, it effectively reduces capital expenditures while gradually lowering operational costs such as electricity and hosting fees through negotiations with mining sites. This cost control capability enables CanGu to possess stronger profitability and risk resistance in fierce market competition. After completing the deployment of 50 EH/s hash rate, the company will achieve an average daily output of 26-30 BTC, placing it at the industry-leading level.

However, CanGu's ambitions extend beyond mining. It is also laying out plans in the energy and AI computing sectors. By implementing "green electricity + energy storage" projects in areas rich in renewable energy, it aims to turn surplus electricity into revenue; transforming mining facilities into AI high-performance computing service centers to create a second growth curve, building a diversified growth engine.

This strategic layout not only enhances the company's long-term competitiveness but also provides investors with broader imaginative space. CanGu hopes to become a flexible computing power dispatcher, dynamically allocating resources to BTC mining and AI computing, forming a composite business model of "mining revenue + AI service fees + green electricity trading," thereby significantly improving asset utilization and cyclical resistance.

CanGu, the "Hidden Gem" in the Value Lowland

In the clamor of the Bitcoin bull market, CanGu is severely undervalued. It has a solid hash rate foundation, a transparent disclosure mechanism, and a strong governance structure, yet it is significantly undervalued due to the market's cognitive bias. But true value is always hidden in these overlooked places. For those investors eager to find value in cryptocurrency mining, CanGu is not an option but a must-have. The future of this industry may very well be in the hands of these undervalued "hidden gems."

This article is from a submission and does not represent the views of BlockBeats.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。