Cango Inc., a Chinese firm that formerly operated as a car loan financing company, has made a full pivot to Bitcoin mining, the company announced last week. Cango announced the sale of its car ...

Total Revenue: RMB1 billion in Q2 2025. Bitcoin Mining Revenue: RMB989.4 million in Q2 2025. Net Loss: RMB2.1 billion in Q2 2025. Adjusted EBITDA: RMB710.1 million in Q2 2025. Bitcoin Production: ...

Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services The company ...

Cango will merge its new and used car platforms onto a single service, in a major tweak to its new business model as a car-trading services provider. The company forecast its fourth-quarter revenue ...

Cango’s bitcoin holdings reached 6,412.6 BTC by the end of October, crossing the 6,000 BTC milestone. The company stated it holds bitcoin for the long term and does not currently intend to sell any of ...