HONG KONG, Sept. 4, 2025 /PRNewswire/ — Cango Inc. (NYSE:CANG) today announced its unaudited financial results for the second quarter ended June 30, 2025.
Financial and Operational Highlights
- As of June 30, 2025, the company’s total mining capacity reached 50 EH/s, primarily driven by the acquisition of 18 EH/s in June 2025. Furthermore, in May, Cango completed the divestiture of its China-based assets for US$352 million, generating substantial liquidity to support ongoing strategic initiatives.
- Total revenues were US$139.8 million during the period, with the Bitcoin mining business generating revenue of US$138.1 million.
- Adjusted EBITDA was US$99.1 million during the period.
- A total …