Golden Finance reported that Cango Inc. announced its unaudited financial report for the second quarter of 2025, with a total computing power of 50 EH/s and a revenue of approximately $140 million for the season, of which Bitcoin mining contributed $138 million. The company mined 1,404 Bitcoins, and the adjusted EBITDA was $99.1 million, demonstrating strong core business performance. The CEO stated that it has become a major Bitcoin mining company globally and is expanding its energy and computing power layout in the United States.
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Cango's revenue for the second quarter was $140 million, with Bitcoin mining accounting for nearly 99%.
Golden Finance reported that Cango Inc. announced its unaudited financial report for the second quarter of 2025, with a total computing power of 50 EH/s and a revenue of approximately $140 million for the season, of which Bitcoin mining contributed $138 million. The company mined 1,404 Bitcoins, and the adjusted EBITDA was $99.1 million, demonstrating strong core business performance. The CEO stated that it has become a major Bitcoin mining company globally and is expanding its energy and computing power layout in the United States.