Bitcoin Miner Cango Sells $305M in BTC to Support AI Expansion

Bitcoin miner Cango sold 4,451 Bitcoin on Monday in a deal worth approximately $305 million. The company said that the move has helped pay off a loan backed by Bitcoin and has strengthened its balance sheet during a challenging period of increased financial stress among miners.

Cango said that its board has approved the decision to sell the Bitcoin after reviewing the current market conditions. The move is a step toward supporting its near-term liquidity plans and preparing the company for the next phase of its growth strategy as it moves beyond Bitcoin mining.

Bitcoin Miner Cango Expands Into AI and HPC

The company has said that it is moving into the business of artificial intelligence and high-performance computing infrastructure. 

The company will be using its existing grid-connected data centers to offer compute power to its AI clients. The company will implement a phased roadmap to gradually increase its hosting capacity.

This is not the first time the company has sold its Bitcoin holdings. In January, Cango sold 550.3 units of Bitcoin after severe cold and blizzards reduced its mining uptime. The company said that it has sold more Bitcoin than it has mined during the month to support its near-term needs.

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As of the company’s Feb 3 update, Bitcoin miner Cango had 7,474.6 BTC in its reserves by the end of January. The company had 7,528.3 BTC by the end of December 2025.

The latest sale is another instance of how the company is reducing its Bitcoin holdings by focusing on its compute-centric business segments.

AI Pivot Accelerates Across Mining Sector

As per the latest trends in the Bitcoin mining space, other large-scale miners are also shifting focus to the AI segment as mining conditions become increasingly challenging in the post-halving era. 

Hashprice is at multi-year lows, and difficulty is at a record high for the network. As a result, these conditions have brought the revenue for these miners to near breakeven points.

Another large-scale mining company has also signed a long-term contract for its AI services division. Bitcoin mining company Iren signed a five-year deal worth $9.7 billion with Microsoft in November 2025. 

Hundreds of megawatts of power from its Texas facilities will be provided for GPU-based cloud computing services by Microsoft while the company continues to operate one of the largest mining fleets in the space.

Bitcoin miner Cango ventured into Bitcoin mining in late 2024 after transforming its traditional auto-related business model. It ended 2025 with reserves above 7,500 BTC. The company will strike a balance between its efficient mining and AI/HPC service expansion strategy.

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