Bitcoin mining company Cango releases Q2 financial report, with BTC mining accounting for over 98% of revenue

Bitcoin mining company Cango Group released its second-quarter 2025 financial report, demonstrating significant success in its strategic transformation: total revenue reached $139.8 million, over 98% of which came from Bitcoin mining; adjusted EBITDA was $99.1 million; cash and cash equivalents were $117.8 million; total mining capacity reached 50 exahashes per second, and quarterly Bitcoin production reached 1,404.4. Earlier news reported that Cango mined 153.2 BTC this week, bringing its total holdings to 5,126.8.