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

Cango Inc.’s archetypal afloat twelvemonth arsenic a bitcoin miner delivered $688.1 cardinal successful gross but ended with a $452.8 cardinal nett loss, driven mostly by non-cash charges tied to instrumentality impairments and bitcoin price-linked accounting adjustments. Cango Sells Bitcoin to Cut Debt, Pivots Toward AI Infrastructure successful 2026 The New York-listed institution (NYSE: CANG), which […]