Cango Mining, the Bitcoin miner company said that on Wednesday its Bitcoin production cost was reduced to just $68,215 each coin. This represents a cost saving of 19.3% compared with the $84,552 average reported during the fourth quarter in 2025.
It attributed this to the shift in its business model. “lean-production model” The monthly operational reports of this firm show that it prioritizes the margin over scale. report. Cango says the reduction in production costs will allow the company to weather the volatile Bitcoin price fluctuations.
This company has sold 2,00 Bitcoin.BTCCango’s spokesperson told Cointelegraph that the average sale price was between $68,000 to $69,000 in March. The company earned around $137,000,000. Cango stated that the proceeds from this sale were used to pay off outstanding Bitcoin-backed loan. Cango held 1,025,69 BTC and $30.6 Million in Bitcoin-backed Loans as of March 31.
Update shows that some Bitcoin miners listed on the stock exchange are prioritizing cash-margin and deleveraging over sheer scale, as funding conditions continue to be tight. Cango reported a $65-million equity investment by members of its leadership team, and a 10-million convertible bond issued by DL Holdings. The Bitcoin miner said it will continue de-leveraging to support its planned transition into energy and artificial intelligence (AI) infrastructure.
Cango, the sixth largest Bitcoin mining company in the world by hashrate (27.9 EH/s), accounts for 2.82% global Bitcoin mining power. according BitcoinMiningStock data.
The total hashrate reported by the company was 37.01 EH/s. This included 27.9 EH/s for self-mining, and 9.02 EH/s for hashrate lease.
Google Finance shows that Cango shares rose by 3.44% on pre-market Wednesday but have fallen 72% so far this year. data.
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Cango has also sold its treasury to improve the balance sheet of other Bitcoin linked companies.
MARA Holdings revealed it was the second-largest BTC mining company. sold about $1.1 billion worth of Bitcoin In March, to purchase convertible debts at a reduced rate.
Michael Arrington, who is the biggest public Bitcoin holder continues to collect. Michael Saylor’s Strategy disclosed A $330 million Bitcoin purchase was made on Monday at an average of $67718 per coin. This is despite the fact that the company’s holdings had lost $14.5 billion in the first quarter.
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Source: cointelegraph.com
