cango

شركة التعدين

فاجأت السوق بعد بيع 4.451 BTC، أكثر من نصف احتياطياتها، وجمعت حوالي 305 ملايين دولار لتمويل توسعها في قطاع الذكاء الاصطناعي. تهدف هذه القرار الاستراتيجي إلى تعزيز ميزانيتها، وتقليل الرفع المالي، وتحديد موقعها في سوق مع إيرادات أكثر قابلية للتنبؤ. بدلاً من الاعتماد فقط على التقلبات الموروثة من تعدين البيتكوين، تخطط الشركة لاستغلال بنيتها التحتية الحالية لتقديم خدمات الحوسبة عالية الأداء، بما في ذلك تأجير وحدات معالجة الرسوميات ودعم تدريب نماذج الذكاء الاصطناعي، وهو قطاع يركز حالياً على طلب عالمي متزايد.

📅 February 9 - United States | In a move that surprised the market over the weekend, Cango (NYSE: CANG) confirmed the sale of 4,451 BTC, a transaction settled in USDT for approximately $305 million net, intended entirely to repay a loan backed by its own bitcoins.

📖 During 2025, the company consolidated a relevant position by accumulating reserves that exceeded 7,500 BTC at the end of the year, a figure that placed it among the public miners with the greatest direct exposure to the digital asset.
However, the economics of mining became increasingly demanding: energy costs, competitive pressure, and constant price volatility forced a review of the financial structure.
It was in this context that the board approved the sale of 4,451 BTC, executed over the weekend and settled in Tether (USDT), generating around $305 million net.
According to the statement itself, all of that money was used to pay down bitcoin-backed debt, reducing leverage and improving liquidity. Based on the reported reserves at the end of 2025, the company would have held approximately 3,049 BTC after the transaction, a significant reduction that Cango describes as a “balance sheet adjustment” rather than a withdrawal from the mining business.
Simultaneously, the company revealed its plan to deploy AI infrastructure at its existing grid-connected sites: containerized modules with GPUs initially geared towards inference services for small and medium-sized businesses, with a second phase focused on developing software to orchestrate these distributed resources.
To lead this new division, Cango appointed Jack Jin as CTO, who has previous experience with large-scale GPU orchestration systems at Zoom Communications.
The move aligns with a visible trend among public mining companies like IREN, Riot Platforms, CleanSpark, Core Scientific, TeraWulf, Bitfarms, and HIVE, which are seeking to leverage their access to energy and industrial space to offer high-performance computing services.
Analysts at Bernstein and JPMorgan have noted that this “optionality in AI” is changing the way these companies are evaluated, shifting the focus from pure sensitivity to the price of Bitcoin towards the ability to generate more stable revenue.

Topic Opinion:
Selling part of the reserves to pay off debt is not a sign of weakness, but of responsible management in a volatile environment. At the same time, the leap towards AI demonstrates that the infrastructure created by miners can have a second life beyond the hash rate.
💬 Do you think this transition to AI will be the new lifeline for Bitcoin miners?

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#bitcoin #Mining #Aİ #Cango #CryptoNews $BTC

The sale shows how $BTC miners are reshaping strategies as mining economics continue to deteriorate.

Bitcoin miner Cango has sold 4,451 Bitcoin on the open market, generating net proceeds of about $305 million it says were used to partially repay a Bitcoin‑collateralized loan and to strengthen its balance sheet. 
The company said Monday that the transaction, approved by its board after a review of “current market conditions,” is intended to reduce financial leverage and provide additional capacity to fund its planned expansion into artificial intelligence (AI) and high‑performance computing (HPC) infrastructure.
Cango said that the “strategic pivot” meant utilizing its “globally accessed, grid-connected infrastructure” to provide distributed compute capacity for the AI industry, and that the initiative would be implemented through a phased roadmap.
The sale follows a disposal of 550.3 BTC, with Cango selling more $BTC than it produced in January to support its near‑term growth initiatives after extreme cold and blizzards reduced uptime during the month.
According to the company’s Feb. 3 update, Cango’s Bitcoin reserves stood at 7,474.6 BTC at the end of that month, down from 7,528.3 BTC at the end of December 2025, before the additional 4,451 BTC transaction further reduced its holdings.
Miners pivot power and capital into AI
Cango’s decision reflects a broader shift among Bitcoin miners as they look to diversify revenue streams by supplying power and data center capacity to AI and HPC customers.
Other large mining‑linked groups are signing long‑term contracts to supply GPU‑based cloud capacity for artificial intelligence and HPC using power and data center infrastructure that was originally built for Bitcoin mining. 
Bitcoin miner Iren, for example, agreed to a five‑year, $9.7 billion deal with Microsoft in November 2025 to provide AI computing power from its Texas campus, committing hundreds of megawatts of capacity to contracted GPU hosting while continuing to operate one of the industry’s largest Bitcoin mining fleets.
These developments are taking place as post‑halving economics tighten across the sector in 2025. Research data shows hash price falling to multi‑year lows and network difficulty at record highs, as heavily compressed margins saw many miners operating close to breakeven at prevailing prices and cost levels.
This article contains my personal research and opinion don't perform any action without your own research.
#bullishleo #Cango #BTC