Bitcoin Miner Cango Sells $143 Million in BTC, Slashes Production Costs [Yahoo! Finance]
Core Scientific, Inc. (CORZ)
Company Research
Source: Yahoo! Finance
The company decommissioned older mining hardware and relocated operations to regions with cheaper power, while selling 2,000 Bitcoin during the month to retire crypto-backed debt. That tally of Bitcoin is currently valued around $143 million, and the firm used the proceeds to trim its outstanding loan balances to $30.6 million. Cango still held 1,025.69 BTC in its treasury as of the end of March 31, valued over $73 million as of this writing. The firm's total hash rate stood at 37.01 EH/s as of the end of March, split between 27.98 EH/s from self-mining and 9.02 EH/s from leasing arrangements. The operational restructuring involved more than simple downsizing. In high-cost hosting locations, Cango deployed hash rate leasing models to maintain revenue without bearing full operational expenses, according to the company's announcement. Cango plans to redirect capital from its deleveraging efforts toward AI computing infrastructure, positioning the cost reductions as preparation fo
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CORZ
News
- Core Scientific (CORZ) Valuation Check After Strong Recent Share Price Returns [Yahoo! Finance]Yahoo! Finance
- IREN Recasts Bitcoin Miner Roots Into AI Cloud Partner For Microsoft [Yahoo! Finance]Yahoo! Finance
- Core Scientific (CORZ) had its price target raised by Cantor Fitzgerald from $25.00 to $29.00. They now have an "overweight" rating on the stock.MarketBeat
- Why Core Scientific Stock Crumbled in March [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Why Core Scientific Stock Crumbled in March [Yahoo! Finance]Yahoo! Finance
CORZ
Earnings
- 3/2/26 - Beat
CORZ
Sec Filings
- 4/17/26 - Form 4
- 4/17/26 - Form 4
- 4/16/26 - Form SCHEDULE
- CORZ's page on the SEC website