Category: Mining

[ad_1] Key Takeaways: Cango Inc. sold 6,451 BTC across February and March 2026, generating roughly $442 million to retire bitcoin-backed loans. The sales cut Cango’s outstanding BTC-collateralized debt to $30.6 million and reduced its hashrate to 37.01 EH/s by March 31. Cango secured a $65 million insider equity investment and a $10 million convertible note…

[ad_1] Bitcoin mining company Cango said on Wednesday it slashed its Bitcoin production cost to $68,215 per coin, a 19.3% cost reduction compared to the average cash cost of $84,552 per coin reported in the fourth quarter of 2025.  The company attributed the reduction to its shift toward a “lean-production model” that prioritizes margin resilience…

[ad_1] Key Takeaways: Bitdeer launched the Sealminer A4 Ultra Hydro on April 7, 2026, hitting 9.45 J/TH efficiency, among the best figures in the industry. The A4 series, powered by Bitdeer’s SEAL04 chips, improves on the A3 series’ 12.5 J/TH, cutting power costs for miners facing tight post-halving margins. BTDR shares gained approximately 2.8% on…