当前位置:首页 > Portfolio Management > 【fully automated crypto paper trading and backtesting tool with cloud deployment】 正文
【fully automated crypto paper trading and backtesting tool with cloud deployment】
时间:2026-04-05 14:57:58 来源:Deep Helix Trading Hub
Cango (CANG) is fully automated crypto paper trading and backtesting tool with cloud deploymentat 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
-
Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto servicesCommon mistakes to avoid with Signal Execution 167Why more users are adopting Trading Dashboard 468What traders should know about Portfolio Automation 665Grayscale’s research head says tokenization will happen in waves and explains how to play itHow to evaluate a platform for Strategy Optimization 214How Mobile Trading App improves daily trading workflows 139How Bot Performance improves daily trading workflowsCoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higherHow Market Analysis improves daily trading workflows 813
上一篇:Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'
下一篇:Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
下一篇:Bitcoin traders keep chasing Trump’s Iran noise. The real signals are elsewhere.
相关内容
- ·Solana DeFi platform Drift confirms 'active attack' as $200M+ leaves platform
- ·What traders should know about Order Management 997
- ·How to evaluate a platform for Spot Trading 911
- ·How to evaluate a platform for Strategy Optimization 694
- ·Bitcoin ETFs post first monthly inflows since October as price stabilizes
- ·Common mistakes to avoid with Risk Management 784
- ·How Bot Performance improves daily trading workflows 996
- ·Beginner guide to Spot Trading 611
- ·Jack Dorsey says AI should replace the middle manager after Block cuts 4,000 jobs
- ·Why Bot Performance matters in volatile markets 256
- ·Key benefits of Algorithmic Trading for modern traders 712
- ·Why more users are adopting Spot Trading 491
- ·Franklin Templeton launches crypto division with 250 Digital acquisition
- ·Key benefits of Paper Trading for modern traders 689
- ·What traders should know about Strategy Backtesting 802
- ·How Quantitative Trading supports smarter execution 503
最新内容
- ·Bitcoin ETFs post first monthly inflows since October as price stabilizes
- ·How Bot Performance supports long term strategy development 376
- ·What traders should know about Strategy Backtesting 562
- ·Beginner guide to Strategy Optimization 474
- ·CoinDesk 20 performance update: Avalanche (AVAX) gains 4% as index moves higher
- ·Key benefits of Paper Trading for modern traders 449
- ·How Mobile Trading App supports long term strategy development 399
- ·Key benefits of Quantitative Trading for modern traders 643
- ·The Protocol: Quantum computing could break Bitcoin sooner, says Google
- ·Beginner guide to Order Management 737
推荐内容
- ·Oil trader takes $17 million hit as tokenized crude rivals bitcoin liquidations
- ·Brazil's B3 exchange to offer bitcoin-linked 'event contracts' for the ultra-rich
- ·Smart money is hedging bitcoin more aggressively than ether :Crypto Daybook Americas
- ·Bitcoin ETFs post first monthly inflows since October as price stabilizes
热点内容
- ·Ripple Treasury puts XRP and RLUSD inside corporate finance for the first time
- ·Why more users are adopting Strategy Backtesting 102
- ·How Market Analysis supports long term strategy development 673
- ·Key benefits of Quantitative Trading for modern traders 723
- ·Citadel-backed EDX Markets applies for U.S. trust charter to expand institutional crypto services
- ·What traders should know about Strategy Optimization 654
- ·Beginner guide to Spot Trading 691
- ·How Bot Performance supports long term strategy development 856
- ·Bitcoin, ether, solana slide further as Trump threatens to hit Iran 'extremely hard'
- ·What makes a strong solution for Trade Automation 535
