The post Bitcoin Mining: Cango Offloads 2,000 BTC, Cuts Mining Costs by 19% appeared on BitcoinEthereumNews.com.

Key Insights: Recent Bitcoin mining news indicates that BTC miner Cango sold 2,000 BTC (~$137M) in March to reduce Bitcoin-backed debt. Production costs dropped 19% to ~$68,215 per BTC after shifting to a leaner model. This strategy focuses on margin resilience and coping with Bitcoin price volatility. The company is deleveraging while pivoting toward energy and AI infrastructure. The latest Bitcoin mining news indicates that mining firm Cango said on Wednesday that it sold 2,000 Bitcoin in March to reduce debt and improve efficiency in its mining business. The move is part of the company’s transition toward energy and AI infrastructure. That strategy also helped lower its Bitcoin production cost. Cango said the cost fell to $68,215 per coin, down 19.3% from the fourth-quarter 2025 average cash cost of $84,552 per coin. According to its monthly operations report, Cango said the lower cost came from running a leaner mining operation. Rather than focusing solely on growth, the company said it is now trying to protect profit margins and better handle price swings in Bitcoin. That shift already appears to be showing results. Bitcoin Mining News: BTC Miner Cango Sold 2,000 BTC At An Average Bitcoin Price of $68K According to recent Bitcoin mining news, Cango sold its 2,000 BTC at an average price of $68,000 to $69,000 per coin, bringing in about $137 million. The company said it then used that money to reduce debt tied to its Bitcoin holdings. By March 31, Cango still had $30.6 million in loans backed by Bitcoin on its books. Even after the sale, it was still holding 1,025.69 BTC in its treasury. The update fits into a broader trend among public Bitcoin miners. With financing conditions still tight, some companies are putting more weight on balance sheet repair and cash efficiency than on…

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Filed under: News - @ April 9, 2026 8:29 am