Key Takeaways:
Cango Inc. sold 6,451 BTC across February and March 2026, generating roughly $442 million to retire bitcoin-backed loans. The sales cut Cango’s outstanding BTC-collateralized debt to $30.6 million and reduced its hashrate to 37.01 EH/s by March 31. Cango secured a $65 million insider equity investment and a $10 million convertible note from DL Holdings to fund its AI compute pivot. Bitcoin Miner Cango Cuts Crypto-Backed Loans With Pair of Large BTC SalesCango Completes $442M Bitcoin Liquidation and Secures $75M in New Capital for AI Pivot
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