Bitcoin miner Cango reported a sharp drop in production costs on Wednesday, reflecting a shift toward efficiency. The company reduced its Bitcoin cost per coin to $68,215, highlighting a clear move to protect margins during volatile market conditions.
The latest figure marks a 19.3% decline from the $84,552 average cash cost recorded in the fourth quarter of 2025. The company confirmed the update in its monthly operational report. It linked the reduction to internal changes rather than external factors.
Cango said it adopted a lean-production model to improve financial resilience. The strategy focuses on sustaining margins instead of expanding output aggressively. The company believes this approach will help it manage swings in Bitcoin prices more effectively.
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In March, Cango sold 2,000 Bitcoin at an average price between $68,000 and $69,000. The transaction generated about $137 million in proceeds. A company spokesperson confirmed the figures and the timing of the sale.
The funds were used by the firm in reducing their loan balances against Bitcoin. Outstanding balances had reached $30.6 million at the close of March 31. However, the firm has kept 1,025.69 BTC in its treasury.
This trend is indicative of a broader pattern in the world of publicly listed BTC miners. These companies have been turning their attention toward paying down debt and keeping better cash margins.
The firm has also received other investments both internally and externally. The firm’s management has committed $65 million in equity capital. Similarly, DL Holding has issued it with a convertible bond worth $10 million.
The firm plans to continue deleveraging itself over the coming months to enable its transition into energy and artificial intelligence infrastructures.
Cango ranks as the sixth-largest BTC miner based on hashrate. It runs at 27.9 exahashes per second, which makes up 2.82% of total global hash power.
The total operating hashrate of the company stands at 37.01 EH/s, including leased power, according to BitcoinMiningStock data.
The company’s shares rose 3.44% in pre-market trading following the announcement, according to Google Finance data. However, the shares remain down by 72% year-to-date due to the pressure on BTC-related stocks.
Other companies have also been making efforts to improve their financial positions. Specifically, MARA Holdings sold about $1.1 billion worth of BTC in March. The money was used to buy convertible debt for less than its value.
However, Strategy kept buying BTC regardless of ongoing market pressure. The company purchased BTC worth $330 million this week. On average, each coin cost the firm $67,718.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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