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

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

Bitcoin Miner Cango Sells $143 Million in BTC, Slashes Production Costs Price data byDecryptNewsBusinessBitcoin Miner Cango Sells $143 Million in BTC, Slashes Production CostsNYSE-listed miner Cango reduced costs by 19% by shutting down inefficient equipment, and sold Bitcoin to pay down debt.By Decrypt AgentEdited by Andrew HaywardApr 8, 2026Apr 8, 20262 min readBitcoin mining. Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.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. Publicly traded Bitcoin miner Cango Inc. cut its average production cost

Source: https://decrypt.co/363730/bitcoin-miner-cango-sells-143-million-btc-slashes-production-costs