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Cango sold 2,000 Bitcoin to pay down loans as mining costs fell 19.3%
Cango Inc. announced its March 2026 operational update, highlighting a shift to a lean-production Bitcoin mining model focusing on cash margin over scale. The company reported a 19.3% reduction in average cash cost per coin to $68,215.83 and sold 2,000 BTC to retire Bitcoin-backed loans, strengthening its balance sheet. Cango also received significant capital infusions, totaling $75 million, to support its transition into energy and AI infrastructure.