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Another US-listed Bitcoin mining company has surrendered and switched to AI. With Cango's stock price plummeting 85% in a year, the company announced yesterday that it had liquidated more than half of its BTC holdings, totaling 4451 units. The company will also gradually shift its operations across its more than 40 mining farms worldwide to AI computing platforms. On one hand, Bitcoin prices remain depressed and mining difficulty increases; on the other hand, AI is experiencing a surge in investment, with the potential for a quick price surge. 😥

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