Cango Completes $75M Funding; Trump-Linked Miner American Bitcoin Purchases 399 BTC

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Cango has secured $75 million in funding to advance compliance upgrades and expand into AI. American Bitcoin, a miner associated with the Trump family, added 399 BTC to its holdings in the latest BTC update, bringing its total holdings to 6,899 BTC. This BTC news today underscores new capital movements in the crypto sector.

Odaily Planet Daily report: 1. According to Cloverpool, the global Bitcoin network average hash rate is 997 EH/s, with a high of 1,157 EH/s and a low of 905 EH/s, representing a 0.17% increase compared to last week’s average (995 EH/s).

2. According to Blockchain.com, the average Bitcoin price was $67,200, with a high of $69,286 and a low of $64,939, representing a 3.97% decrease from last week's average ($69,980).

3. Notable mining news includes:

(1) Cango has completed a $75 million funding round to advance compliance improvements and expand into AI services;

(2) Mining company MARA has laid off approximately 15% of its workforce and is transitioning toward AI and digital infrastructure.

(3) CoinShares: Bitcoin mining companies approach break-even, shifting toward AI ventures to accelerate growth;

(4) The Trump family's mining company, American Bitcoin, increased its holdings by 399 BTC, bringing its total holdings to 6,899 BTC.

Data partner: Cango Inc. (CANG), a Bitcoin mining company listed on the New York Stock Exchange.

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