[Cango Discloses Sale of 4,451 Bitcoins Last Week, Net Proceeds Exceed $300 Million] According to a report by Jinse Finance, U.S.-listed Bitcoin mining company Cango disclosed that, after a comprehensive assessment of current market conditions and approval by the company's board of directors, it completed the sale of 4,451 Bitcoins on the open market last weekend. The transaction was settled in USDT, with net proceeds totaling approximately $305 million. All USDT proceeds have been used to partially repay a loan collateralized by Bitcoin. This transaction aims to strengthen its balance sheet and reduce financial leverage, thereby supporting its strategic expansion into artificial intelligence computing infrastructure.