Cango: In March, operational computing power reached 37.01 EH/s, and the production cost per BTC dropped to $68k.

CoinNetwork · 2026-04-08T11:52:25+00:00

Canggu's recent operational report shows that as of March 31, the company's total hash rate is 37.01 EH/s, with a primary focus on transitioning to cash profit and deploying new mining machines in high electricity price regions. The average production cost of BTC has decreased to $68,215.83. Additionally, the company sells BTC to repay loans, acquire equity investments, and obtain convertible bonds to support strategic transformation.

CoinNetwork

2026-04-08 11:52:25

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KuCoin News: The Nasdaq-listed miner Cango has released its March 2026 operating report. As of March 31, the company’s total operating hash rate was 37.01 EH/s, including 27.98 EH/s of self-mined hash rate and 9.02 EH/s of leased hash rate. To respond to market volatility, Cango is shifting from pursuing scale to prioritizing cash profits, deploying S21 and S21XP series mining rigs in high-electricity-price regions such as Paraguay and Oman, and moving some equipment to lower-cost areas to optimize mining economics.

In terms of cost control, Cango’s average cash production cost per BTC in March was $68,215.83, down 19.3% from $84,552 in the fourth quarter of 2025. In asset management, the company sold 2,000 BTC in March to repay Bitcoin-backed loans. By the end of the month, the outstanding loan balance supported by its Bitcoin had fallen to $30.60 million; the vault currently holds 1,025.69 BTC. In addition, Cango recently received an equity investment of $65 million from management and a $10 million convertible note provided by DL Holdings. The related funds will directly support its strategic transition to the energy and AI infrastructure sectors.

BTC1,66%

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