According to PR Newswire, bitcoin mining company Cango Inc. announced its 2025 financial results, with annual total revenue of $688 million (mining accounted for $675 million), and mined 6,594.6 bitcoins in total. Affected by factors such as mining equipment impairment, the company posted a net loss from continuing operations of $452 million for the full year. Its per-bitcoin comprehensive mining cost in 2025 reached $97,272. Cango Chief Executive Officer Paul Yu stated that the company is advancing its transformation toward becoming an AI infrastructure provider.

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