Home BlockchainBitcoin Miner Cango Sells 4,445 $BTC To Cover Collateralized Loan as $SUBBD Makes Waves

Bitcoin Miner Cango Sells 4,445 $BTC To Cover Collateralized Loan as $SUBBD Makes Waves

by NewsBTC
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Cango's official press release announcing the Bitcoin dump.

What to Know:

  • Cango’s sale of 4,445 $BTC to cover loans underscores the post-halving profitability squeeze facing hardware-dependent mining operations.
  • As infrastructure costs rise for legacy PoW miners, investment flows are shifting toward high-margin software protocols in the AI and Web3 sectors.
  • SUBBD Token uses AI and Ethereum smart contracts to disrupt the $85B creator economy, offering a capital-efficient alternative to traditional mining investments.
  • With over $1.4M raised, the project…

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