Cango, a US-listed Bitcoin mining company, disclosed that it completed the sale of 4,451 bitcoins on the open market over the weekend, based on a comprehensive assessment of current market conditions and with the approval of its board of directors. The transaction was settled in USDT, generating net proceeds of approximately $305 million. All USDT proceeds have been used to partially repay a Bitcoin-collateralized loan. This transaction aims to strengthen its balance sheet and reduce financial leverage, thereby facilitating its strategic expansion into artificial intelligence computing infrastructure. (Prnewswire)