Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results
1. Cango's mining capacity increased to 50 EH/s after an acquisition in June 2025. 2. Q2 2025 revenues hit RMB1.0 billion, with Bitcoin mining generating RMB989.4 million. 3. Net loss reported due to impairments and divestitures totaling RMB2.1 billion. 4. Adjusted EBITDA rose significantly to RMB710.1 million compared to RMB5.4 million last year. 5. Future plans include enhancing energy efficiency and expanding HPC capabilities.