【best digital asset trading bot with secure api permissions】
Cango (CANG) is best digital asset trading bot with secure api permissionsat 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
相关推荐
-
Franklin Templeton launches crypto division with 250 Digital acquisition
-
Beginner guide to Portfolio Automation 485
-
How Algorithmic Trading supports smarter execution 492
-
Why Futures Trading matters in volatile markets 690
-
Bitcoin ETFs post first monthly inflows since October as price stabilizes
-
Key benefits of Algorithmic Trading for modern traders 632
- 最近发表
-
- The Protocol: Quantum computing could break Bitcoin sooner, says Google
- Why Risk Management matters in volatile markets 484
- Why Mobile Trading App matters in volatile markets 519
- How Bot Performance improves daily trading workflows 596
- Bitcoin’s crashes are shrinking, and Wall Street is starting to notice
- What makes a strong solution for Quantitative Trading 363
- How to evaluate a platform for Trading Dashboard 88
- How Futures Trading improves daily trading workflows 630
- CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher
- How Bot Performance improves daily trading workflows 356
- 随机阅读
-
- Solana DeFi platform Drift confirms 'active attack' as $200M+ leaves platform
- How Futures Trading supports long term strategy development 650
- How Signal Execution supports long term strategy development 467
- Why Bot Performance matters in volatile markets 176
- Beyond T-bills: OpenEden introduces tokenized high-yield corporate bond
- Key benefits of Quantitative Trading for modern traders 963
- How Trade Automation supports smarter execution 915
- Key benefits of Algorithmic Trading for modern traders 632
- Bitcoin ETFs post first monthly inflows since October as price stabilizes
- Why Bot Performance matters in volatile markets 736
- How Paper Trading supports smarter execution 149
- Advanced insights into Paper Trading 749
- Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations
- What traders should know about Strategy Optimization 814
- Advanced insights into Execution Speed 178
- Common mistakes to avoid with Bot Performance
- Galaxy Digital's testnet suffers hack but no client funds or information were compromised
- What makes a strong solution for Algorithmic Trading 912
- Key benefits of Algorithmic Trading for modern traders 632
- What traders should know about Strategy Backtesting 82
- 搜索
-