Bitcoin Miner Cango Sells $143 Million in BTC, Slashes Production Costs

In brief

• Cango reduced its cost to mine Bitcoin to $68,216 per coin in March 2026, down from $84,552 in Q4 2025.
• The firm said it decommissioned inefficient miners and migrated operations to lower-cost power regions.
• Cango also sold 2,000 BTC to reduce Bitcoin-backed loans to $30.6 million.