Cango sells 2,000 BTC to cut debt, lowers mining costs, and shifts focus to AI and energy sectors.

Cango Inc. sold 2,000 Bitcoin in March, raising about $143 million to reduce its Bitcoin-backed debt to $30.6 million. The company also lowered its Bitcoin mining costs by 19.3% by retiring inefficient equipment and relocating operations to cheaper power regions. With a combined mining capacity of 37.01 EH/s, Cango is shifting its strategic focus toward artificial intelligence and energy infrastructure investments, using freed-up resources from debt reduction. This move aligns with industry trends as other crypto miners also pivot toward AI and data center services amid Bitcoin price pressures.