Cango Boosts Bitcoin Holdings by 7.65 BTC After Earlier Sales

Cango Inc., a mining company, has made significant moves in its Bitcoin holdings. After selling a substantial amount of BTC earlier this year, Cango increased its holdings by 7.65 BTC to reach a total of 1,065.11 BTC in May 2026.

This comes after the company sold 4,451 BTC for approximately $305 million in February 2026, primarily to repay outstanding debts. Following another sale of 2,000 BTC in March to reduce Bitcoin-backed loans, Cango's debt decreased to $30.6 million, leaving it with just 1,025.69 BTC.

Between the end of March and May, the company added a total of around 40 BTC to its holdings before tacking on the additional 7.65 BTC in May. This brings Cango's operational hashrate to 31.58 EH/s in April 2026, with approximately 230 BTC mined during that month.

Cango has been vocal about redirecting capital towards AI computing infrastructure, joining a growing list of crypto mining companies that see their energy-intensive data center operations as a natural bridge to AI workloads. This shift means the company's Bitcoin treasury is no longer the primary indicator of corporate health, and investors should now evaluate Cango on its AI strategy, mining efficiency, and ability to generate sustainable cash flows from diversified operations.