Cango Completes $442M Bitcoin Liquidation and Secures $75M in New Capital for AI Pivot
By Jamie Redman
Cango Inc. sold 6,451 BTC for approximately $442 million across February and March 2026, using the proceeds to fully retire its crypto-collateralized loans. The company is transitioning its bitcoin mining infrastructure to AI compute services and has secured $75 million in new capital to support this pivot.
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