Cango's financial report: 4,451 bitcoins were sold in February this year, and total revenue for the entire year of 2025 will reach $688 million.
PANews reported on March 17th that Cango, a US-listed Bitcoin mining company, released its Q4 and full-year 2025 financial results. Its total revenue for 2025 reached $688 million, producing 6,594.6 Bitcoins. In Q4, it recorded total revenue of $179 million, producing 1,718.3 Bitcoins, achieving positive EBITDA for the full year. The net loss attributable to shareholders for 2025 was $622 million, primarily due to non-cash and non-recurring items, including a one-time book loss from the complete divestiture of its China business and a revaluation loss on equity acquisition consideration due to rising share price.
In addition, in February 2026, the company strategically disposed of 4,451 BTC in stock and repaid loans to reduce its debt; completed the $10.5 million capital injection from shareholders; and signed a new round of capital injection agreements with Armada Network Limited and Fortune Peak Limited totaling $65 million.
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