coin-img-XAUTXAUT+1.60%coin-img-HYPEHYPE-0.91%coin-img-PAXGPAXG+1.26%coin-img-WLFIWLFI+9.21%coin-img-ASTERASTER-1.77%coin-img-ONDOONDO-0.90%coin-img-ZAMAZAMA+1.51%coin-img-ETHETH+2.07%coin-img-XAUTXAUT+1.60%coin-img-HYPEHYPE-0.91%coin-img-PAXGPAXG+1.26%coin-img-WLFIWLFI+9.21%coin-img-ASTERASTER-1.77%coin-img-ONDOONDO-0.90%coin-img-ZAMAZAMA+1.51%coin-img-ETHETH+2.07%coin-img-XAUTXAUT+1.60%coin-img-HYPEHYPE-0.91%coin-img-PAXGPAXG+1.26%coin-img-WLFIWLFI+9.21%coin-img-ASTERASTER-1.77%coin-img-ONDOONDO-0.90%coin-img-ZAMAZAMA+1.51%coin-img-ETHETH+2.07%coin-img-XAUTXAUT+1.60%coin-img-HYPEHYPE-0.91%coin-img-PAXGPAXG+1.26%coin-img-WLFIWLFI+9.21%coin-img-ASTERASTER-1.77%coin-img-ONDOONDO-0.90%coin-img-ZAMAZAMA+1.51%coin-img-ETHETH+2.07%
user-avatar
Naga Avan-Nomayo

Bitcoin miner Cango liquidates 4,451 BTC for $305 million to cut loan leverage and fund AI compute shift

Cango sold 4,451 BTC for net proceeds of about $305 million to partially repay a bitcoin-collateralized loan and reinforce its balance sheet. The company said the weekend sale, settled in USDT and announced on Monday, will also support its strategic expansion into AI compute infrastructure while it continues its bitcoin mining operations.
BTC
BTC-0.18%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.