Cango Inc. sold 6,451 bitcoin across February and March 2026, applying the proceeds entirely to retire crypto-collateralized loans as the company transitions its mining infrastructure toward AI...
NYSE-listed miner Cango reduced costs by 19% by shutting down inefficient equipment, and sold Bitcoin to pay down debt.
Bitcoin miner Cango said it sold 2,000 BTC to pay off debt and cut its BTC production cost by 19% as part of its strategic pivot to energy and AI infrastructure.
Cango Inc. (NYSE:CANG) reported operational results for March 2026, according to a press release statement. The Bitcoin mining company’s total operational hashrate stood at 37.01 exahash per second...
Cango (CANG) has provided a detailed update regarding its operations for March, focusing on a strategic shift to enhance cash margins.
Cango Inc. closed a $65 million insider equity round and a $10 million convertible note deal on March 31 and April 1, 2026, respectively, bringing in fresh capital to fund its pivot toward AI & energy
Cango Inc. (CANG) closed a $65 million strategic investment from company leadership and secured $10 million in convertible note financing from DL Holdings Group Limited (1709), according to a....
Cango announced that two of its directors have agreed buy $65 million worth of its stock to help finance its accelerating move into distributed computing. The company has been lowering its bitcoin
Cango received $10.5 million from an equity investment from EWCL in addition to $65 million cumulative investment from entities owned by members of its leadership. The firm launched a new subsidiary
The funding follows a $305 million Bitcoin sale and increases a key investor’s voting power to almost 50%, as the company restructures its balance sheet amid sector volatility.