Bitcoin Mining Firm Shifts Focus to AI Amid Stock Decline

Crypto KOL 陈剑Jason posted on X that another publicly traded Bitcoin mining company has decided to pivot towards artificial intelligence (AI). This decision comes as Cango's stock price has plummeted by 85% over the past year. The company announced yesterday that it has liquidated more than half of its Bitcoin holdings, totaling 4,451 BTC. Additionally, Cango plans to gradually transition its operations across more than 40 mining sites worldwide to focus on AI computing platforms.