JUST IN: Cango joined the list of mining companies that have sold Bitcoin amid the market downturn. The company reported selling 2,000 BTC in March to reduce Bitcoin backed debt, strengthen its balance sheet, and accelerate a strategic transition toward energy and artificial intelligence infrastructure.


Cango sold 2,000 BTC in March to reduce Bitcoin-backed loans and improve its financial position.
The company ended the month with outstanding debt of $30.6 million USD and a BTC treasury of 1,025.69.
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