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DailyCoin Team

Cango Records $452.8M Net Loss in 2025 After Pivot to Large-Scale Bitcoin Mining

Cango Inc. reported a $452.8 million net loss for 2025, its first full year focused on Bitcoin mining, after generating $688.1 million in revenue and producing 6,594.6 BTC. The company rapidly scaled hash rate to around 50 EH/s, but impairment losses of $338.3 million on mining equipment and high operating costs outweighed income. Cango and other major miners are increasingly diversifying into AI and high-performance computing to reduce dependence on Bitcoin mining revenues.
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