Cango Sells 2,000 BTC, Transitioning to a 'Lean Model' in Bitcoin Mining

2026/04/09 16:20 (Updated 2026/04/09 18:01)

CoinPost

Written by A.Yamada

Cango Sells 2,000 BTC, Transitioning to a 'Lean Model' in Bitcoin Mining

Bitcoin Sale Used to Repay Loans

On March 6, US-based Bitcoin (BTC) mining company Cango reported its business performance for the month, announcing the completion of a strategic sale of 2,000 BTC. The proceeds were used to repay Bitcoin-backed loans. Additionally, the company has reduced the production cost per Bitcoin. As of March 31, following the sale of 2,000 BTC, Cango still holds 1,025.69 BTC. The balance of the Bitcoin-backed loans...

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