Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results
1. Cango reported a Q2 2025 revenue of RMB1.0 billion, primarily from Bitcoin mining. 2. Net loss was RMB2.1 billion, impacted by asset impairment and discontinued operations. 3. Total mining capacity reached 50 EH/s after acquiring additional 18 EH/s in June. 4. Adjusted EBITDA increased significantly to RMB710.1 million compared to last year. 5. Cango is focusing on energy efficiency and infrastructure for future growth.