Cango Reports $50.8 Million Revenue for Q2 2026

Bitcoin mining firm Cango Inc. (NYSE: CANG) released its unaudited financial results for the second quarter ending June 30, 2026. The company reported total revenue of $50.8 million, with $47.4 million derived from Bitcoin mining. It recorded a net loss of $81.6 million, primarily attributed to non-cash impairment and disposal losses on mining equipment. Cango holds 1,056 BTC in its digital asset reserves and carries $31.2 million in long-term debt. The total operating hashrate reached 27.58 EH/s, comprising 19.84 EH/s of self-mining and 7.74 EH/s of leased