Bitcoin Miner Cango Sells 4,451 BTC Worth $305M to Fund AI Pivot

The post Bitcoin Miner Cango Sells 4,451 BTC Worth $305M to Fund AI Pivot appeared first on Coinpedia Fintech News Bitcoin miner Cango Inc. (NYSE: CANG) sold 4,451 BTC on the open market for approximately $305 million in USDT. The company’s market cap sits at around $333 million, making this sale nearly as large as the entire firm itself. Cango confirmed Monday that all proceeds were used to partially repay a Bitcoin-collateralized loan. The company …