Cango sold 2,000 bitcoins in March to repay BTC-staking loans, reducing mining costs to $68,000.

Cango Inc., a NYSE-listed company, released its Bitcoin mining operations data for March 2026. The company's total hashrate was 37.01 EH/s, of which 27.98 EH/s was self-operated and 9.02 EH/s was leased. The company is prioritizing cash profit margins by shutting down inefficient mining rigs, deploying S21/S21XP mining rigs in high-electricity-price areas, and relocating to areas with lower-cost electricity. The average cost per Bitcoin in cash decreased to $68,215.83 in March, a 19.3% decrease from $84,552 in Q4 2025. Cango sold 2,000 Bitcoins that month to repay BTC-collateralized loans, reducing the loan balance to $30.6 million. Its on-paper Bitcoin holdings were 1,025.69 Bitcoins. Previously, it received $65 million in equity investment and $10 million in convertible bonds to support its transformation into energy and AI infrastructure.