Bitcoin miner Cango has offered 4,451 Bitcoin on the open market, producing web proceeds of about $305 million it says had been used to partially repay a Bitcoin‑collateralized mortgage and to strengthen its steadiness sheet.
The corporate said Monday that the transaction, authorized by its board after a assessment of “present market circumstances,” is meant to cut back monetary leverage and supply further capability to fund its deliberate enlargement into synthetic intelligence (AI) and excessive‑efficiency computing (HPC) infrastructure.
Cango mentioned that the “strategic pivot” meant using its “globally accessed, grid-connected infrastructure” to supply distributed compute capability for the AI business, and that the initiative could be applied via a phased roadmap.
The sale follows a disposed of 550.3 BTC, with Cango promoting extra Bitcoin (BTC) than it produced in January to assist its close to‑time period progress initiatives after excessive chilly and blizzards lowered uptime in the course of the month.
In keeping with the corporate’s Feb. 3 updateCango’s Bitcoin reserves stood at 7,474.6 BTC on the finish of that month, down from 7,528.3 BTC on the finish of December 2025, earlier than the extra 4,451 BTC transaction additional lowered its holdings.
Miners pivot energy and capital into AI
Cango’s choice displays a broader shift amongst Bitcoin miners as they appear to diversify income streams by supplying energy and knowledge middle capability to AI and HPC clients.
Different massive mining-linked teams are signing long-term contracts to provide GPU-based cloud capability for synthetic intelligence and HPC utilizing energy and knowledge middle infrastructure that was initially constructed for Bitcoin mining.
Bitcoin miner Iren, for instance, agreed to a five-year, $9.7 billion cope with Microsoft in November 2025 to supply AI computing energy from its Texas campus, committing tons of of megawatts of capability to contracted GPU internet hosting whereas persevering with to function one of many business’s largest Bitcoin mining fleets.
These developments are going down as post-halving economies tighten throughout the sector in 2025. Cointelegraph Analysis knowledge reveals hashprice falling to multi-year lows and community issue at report highs, as closely compressed margins noticed many miners working near breakeven at prevailing costs and value ranges.
Journal: Massive questions: Would Bitcoin survive a 10-year energy outage?
