Cango Reports $452M Net Loss Despite $688M Revenue in First Full Year of Bitcoin Mining

Cango Inc.’s first full year as a bitcoin miner delivered $688.1 million in revenue but ended with a $452.8 million net loss, driven largely by non-cash charges tied to equipment impairments and bitcoin price-linked accounting adjustments. Cango Sells Bitcoin to Cut Debt, Pivots Toward AI Infrastructure in 2026 The New York-listed company (NYSE: CANG), which […]