【crypto paper trading and backtesting tool for smarter crypto trading service】
发布时间：2026-04-04 11:18:41 来源：Instant Block Strategies 作者：Portfolio Management
-
Cango (CANG) is crypto paper trading and backtesting tool for smarter crypto trading serviceat risk of losing its NYSE listing after its shares traded below $1 on average for 30 consecutive days, triggering a compliance notice from the exchange and giving the bitcoin BTC $ 66,322.37 miner a six-month window to recover, the company said in a press release Wednesday.\n\nThe New York Stock Exchange flagged the company on March 10, warning that failure to lift its share price back above the $1 threshold by the end of the cure period could lead to suspension and delisting proceedings. Cango said it plans to monitor market conditions and explore options to regain compliance, while its shares continue trading in the interim.\n\nAgainst that backdrop, the company is shoring up its balance sheet with fresh capital.\n\nIn a separate announcement , Cango said it has entered into a $10 million convertible note agreement with Hong Kong-listed DL Holdings, alongside issuing warrants to purchase shares at $2.70 apiece. The financing is paired with a non-binding cooperation framework that could see the two firms pursue additional joint investments tied to crypto mining and AI infrastructure.\n\nProceeds from the note are earmarked for upstream acquisitions and expanding Cango’s push into computing infrastructure, part of a broader pivot beyond bitcoin mining.\n\nCango’s recent fundraising comes as the company pivots beyond its roots in bitcoin mining toward a broader strategy centered on energy and AI compute infrastructure. The firm has been positioning its global mining footprint as a foundation for high-performance computing, aiming to repurpose or expand its power capacity to support data-intensive AI workloads, a shift that mirrors a wider industry trend of miners seeking more stable, higher-margin revenue streams.\n\nThe convertible issuance follows the closing of a $65 million strategic investment round led by entities controlled by chairman Xin Jin and director Chang-Wei Chiu. The deal, settled in USDT and completed March 31, saw the company issue more than 49 million Class A shares.\n\nTogether, the transactions underscore management’s effort to stabilize the company financially while betting on longer-term growth in energy and AI-linked compute, even as it faces near-term pressure to keep its NYSE listing intact.\n\nCango’s shares have slumped sharply this year, highlighting the urgency behind its latest capital raise. The stock is down more than 70% year to date, recently trading around $0.39 after starting January above $1.40, with sustained selling pressure pushing it below the NYSE’s $1 minimum listing threshold.\n\nRead more: Cango is selling off its bitcoin stash to pay down debt and fund an AI makeover
- 上一篇：Grayscale’s research head says tokenization will happen in waves and explains how to play it
- 下一篇：Beyond T-bills: OpenEden introduces tokenized high-yield corporate bond
- Crypto rebounds as oil dips on Trump comments, but derivatives signal weak conviction
- The bitcoin treasury boom is unwinding as some companies and governments sell holdings
- Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats
- Brazil's B3 exchange to offer bitcoin-linked 'event contracts' for the ultra-rich
相关文章
- Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'
- Beyond T-bills: OpenEden introduces tokenized high-yield corporate bond
- Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
- The bitcoin treasury boom is unwinding as some companies and governments sell holdings
- Crypto rebounds as oil dips on Trump comments, but derivatives signal weak conviction
- Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations
- Bitcoin ETFs post first monthly inflows since October as price stabilizes
- Solana DeFi platform Drift confirms 'active attack' as $200M+ leaves platform
- Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
- Franklin Templeton launches crypto division with 250 Digital acquisition
- The bitcoin treasury boom is unwinding as some companies and governments sell holdings
- Cango raises capital as it faces NYSE delisting risk with shares below $1
- Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'
- OpenAI raises a record $122 billion as revenue crosses $2 billion per month
- The Protocol: Quantum computing could break Bitcoin sooner, says Google
- CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher
- Beyond T-bills: OpenEden introduces tokenized high-yield corporate bond
- Bitcoin’s crashes are shrinking, and Wall Street is starting to notice
- Metaplanet acquires 5,075 BTC, jumps to third largest bitcoin treasury company
- CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher
随便看看
Bitcoin trims big loss, stocks erase 2% decline, as Iran signals cooperation on key shipping route
Bitcoin ETFs post first monthly inflows since October as price stabilizes
CFTC sues Illinois over state's cease-and-desist letters against prediction markets
Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
- Copyright © 2026 Powered by 【crypto paper trading and backtesting tool for smarter crypto trading service】,Instant Block Strategies sitemap