This recipe uses refrigerated canned biscuits as a shortcut, which gives all the deliciousness of freshly fried doughnuts without making the dough. Ree’s tip for frying donuts is to use lard, because it gives the donuts a nice crispy edge.
Heat 2 inches of lard in a large, heavy-bottomed pot over medium heat to 375 degrees F. Set a wire rack over a sheet pan.
Using a 1/2-inch circular cutter, cut out the center of each biscuit, then set the biscuit donuts and centers aside.
In a wide bowl, mix together the sugar and cocoa powder, then set aside.
Fry the donuts and centers in two batches until deep golden brown, about 1 minute per side. Remove to the wire rack.
Roll the donuts and holes in the cocoa sugar and return to the wire rack.
Add the chopped chocolate to a separate bowl. Heat the cream in a small skillet until just bubbling. Pour over the chocolate and let sit for 1 to 2 minutes. Stir until smooth.
Spoon the chocolate over the donuts, or dip the donuts into the chocolate, returning them to the wire rack and letting the excess drip onto the sheet pan.
Serve immediately.
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