Bitcoin Miner Cango Joins AI Compute Craze, Selling Off $305 Million in BTC

Feb 10, 2026

Cango, a publicly traded Bitcoin miner, sold 4,451 BTC to raise $305 million for expanding its AI compute business. The firm used the proceeds to repay a Bitcoin-collateralized loan and appointed a new CTO from Zoom.

This article is for informational purposes only. It is not offered or intended to be used as investment or other advice.

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