Cango, a Chinese automotive services company turned Bitcoin miner, has sold 6,451 BTC this year to reduce debt and fund its AI expansion. In March, Cango sold 2,000 BTC to retire Bitcoin-backed loans, leaving a loan balance of $30.6 million and a treasury holding of 1,025.69 BTC. This follows a February sale of 4,451 BTC for $305 million, used to repay a Bitcoin collateralized loan. The company is shifting its strategy beyond Bitcoin mining to focus on AI compute infrastructure, using its mining sites to build distributed compute capacity. Despite a net loss of $452.8 million in 2025, Cango is improving its mining operations, reporting a hashrate of 37.01 EH/s and reduced production costs of $68,215.83 per Bitcoin mined in March.