Cango Sells Bitcoin to Reduce Debt and Shift Focus to AI Infrastructure

Cango Sells Bitcoin Holdings to Pay Down Debt and Fund AI Transformation

Cango, a Bitcoin mining company, sold 4,451 BTC in February 2026 to reduce debt and finance its transition to AI infrastructure. The company reported a revenue of $688.1 million for the year 2025, but faced a net loss of $452.8 million, highlighting the pressure from high mining costs and impairments.

Despite a rapid scaling of its mining activities in 2025, generating $675.5 million from Bitcoin and producing 6,594 BTC, Cango's profitability deteriorated significantly due to impairment charges on mining equipment and high production costs, which reached approximately $97,000 per Bitcoin on an all-in basis. The sale of Bitcoin marks a strategic shift for Cango, as it now uses BTC as a treasury asset rather than accumulating it.

"We are accelerating our transition to become a provider of AI infrastructure," said CEO Paul Yu, emphasizing the company's focus on flexible, cost-effective AI inference solutions.

In summary, Cango's decision to sell its Bitcoin holdings reflects a broader industry trend where public miners are liquidating BTC to finance AI developments amid declining mining margins.

LM Funding America: Bitcoin Mining Specialist Faces New Challenges

LM Funding America, a specialty finance company focused on Bitcoin mining and crypto asset management, has shifted its focus from pure Bitcoin mining to a broader specialty finance model. The company now provides specialty finance loans primarily to Bitcoin miners in North America, making it an attractive option for investors looking to capitalize on the crypto sector's boom.

As of March 17, 2026, LM Funding America has expanded its portfolio to include equipment financing for miners, positioning itself as a niche player in the crypto finance segment. The company holds Bitcoin on its balance sheet, creating a direct link to BTC prices, and emphasizes lending over mining to provide stability in volatile markets.

Financially, LM Funding's lending portfolio has grown to over $100 million, with interest margins between 12-15%, surpassing traditional finance players. However, the company faces risks from Bitcoin price volatility and regulatory uncertainties in the U.S.

In conclusion, LM Funding America presents opportunities in a dynamic market, but investors should remain cautious of volatility and regulatory challenges.

Bitcoin Whales Accumulate Again Amid Price Recovery

According to NAKIKI SE, Bitcoin whales are starting to accumulate again, with nearly $800 million in new inflows supporting the Bitcoin price, which currently stands at approximately $73,500. This recovery is seen as justified due to the influx of capital into the market.

Coinbase CEO Brian Armstrong noted that more payments will likely be executed by AI agents using crypto wallets instead of bank accounts, as wallets are easier to integrate. The long-term projection for Bitcoin, if it captures a significant portion of the gold market, could theoretically reach around $1.3 million per BTC, contingent on continued institutional adoption and ETF growth.

In summary, the accumulation by Bitcoin whales and the potential for significant price appreciation highlight the ongoing interest and investment in Bitcoin as a digital asset.

Bitcoin Price Holds Above $73K with Short Liquidations Exceeding $100M

The Bitcoin price has maintained stability above $73,000, with short liquidations surpassing $100 million. This indicates a strong market sentiment and potential for further price movements as traders react to market conditions.

The current price stability and the significant short liquidations suggest that traders are adjusting their positions in response to the ongoing market dynamics, which could lead to further volatility in the near future.

In conclusion, the resilience of Bitcoin's price amidst significant short liquidations reflects the market's ongoing volatility and the potential for future price fluctuations.

Sources:

• Cango verkauft seine Bitcoin-Bestände, um Schulden zu tilgen und eine KI-Umgestaltung zu finanzieren
• LM Funding America Aktie: Bitcoin-Mining-Spezialist mit Fokus auf Specialty Finance vor neuen Heraus
• MainBitcoin aktuell von NAKIKI: Bitcoin-Wale stocken Bestände auf in ihren Wallets ...
• Bitcoin-Preis hält sich über $73K und Short-Liquidationen übersteigen $100M