Cango

Cango

2026-07-23 05:30:14

Cango Reports $452.8 Million Net Loss in First Full Year as a Bitcoin Miner

Cango posted $688.1 million in 2025 revenue, driven mainly by Bitcoin mining, but still reported a $452.8 million net loss as high mining costs, transformation expenses, and fair-value adjustments weighed on results.

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Cango

2026-07-23 00:15:14

Cango Mined 602.6 BTC in October, Holdings Top 6,400, Hashrate Utilization Exceeds 90%

Cango Inc. reported October 2025 mining results: 602.6 BTC produced, total holdings 6,412.6 BTC, average operating hashrate 46.09 EH/s. CEO Paul Yu highlighted operational maturity and plans for NYSE direct listing in November.

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Cango

2026-07-22 20:35:14

Cango Mined Nearly 500 BTC in January and Will Sell Part of New Output

Cango said extreme cold and blizzards in key North American regions caused temporary downtime and lower average hash rate in January, but favorable difficulty adjustments helped the company mine nearly 500 BTC during the month.

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Cango

2026-07-22 17:10:14

Bitcoin Miner Cango Sells $305M in BTC to Fund AI Pivot, Still Holds $250M+

Cango sold 4,451 BTC ($305M) over the weekend, using proceeds to repay a BTC-backed loan and refocus on AI infrastructure. The company retains 3,645 BTC worth over $250M. Other miners like Bitfarms are also pivoting.

500

Cango

2026-07-22 15:50:14

Cango Launches EcoHash Commercial Operations for HPC and AI Inference

Cango has launched commercial operations for EcoHash and opened its digital portal for HPC and AI inference services, targeting AI developers and compute operators while using part of its 50MW Georgia site as a live deployment showcase.

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Cango

2026-07-22 10:00:13

Cango Sells 4,451 BTC to Pay Down Debt, Pivots to AI Infrastructure

Cango (CANG) sold 4,451 BTC in February 2026 to reduce debt and fund a pivot to AI. The mining firm reported $688.1M revenue and $452.8M net loss in 2025, with mining costs near $97K per BTC. CEO Paul Yu says the company is repositioning as an AI infrastructure provider.

450

Cango

2026-07-22 08:00:14

Cango Sells 4,451 Bitcoin for $305 Million to Back AI Compute Push

Cango sold 4,451 BTC for about $305 million, using the proceeds to repay a Bitcoin-backed loan and cut leverage. The company still holds 3,645 BTC and says it will keep its mining business while expanding into distributed AI compute.

520

Cango

2026-07-21 12:03:46

Bitcoin miner Cango completes 10-for-1 reverse stock split and adopts new CUSIP

U.S.-listed Bitcoin mining company Cango said it completed a 10-for-1 share consolidation at 5 p.m. Eastern Time on July 20, 2026. The move covered the company’s authorized, issued and outstanding Class A ordinary shares and Class B ordinary shares. Following the consolidation, Cango’s Class A ordinary shares are set to resume trading on the New York Stock Exchange at the market open on July 21, 2026, under the unchanged ticker symbol CANG. The company said the shares will trade under a new CUSIP number, G1820C 110. After the reverse split, Cango’s total authorized share capital remains unchanged at $100,000, divided into 100 million ordinary shares with a par value of $0.001 per share. That total includes 92.067428 million Class A ordinary shares and 7.932572 million Class B ordinary shares, according to PRNewswire.

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