Bitcoin miner Cango Inc. is transforming into an integrated platform that combines energy and artificial intelligence computing. The company announced its full-year 2025 revenue forecast of $688.1 million, mainly driven by its mining operations, which mined 6,594.6 Bitcoin and generated $675.5 million in revenue. However, the company’s ongoing operations reported a net loss of $452.8 million, due to non-recurring transformation costs and market-driven fair value adjustments. In Q4 2025, adjusted EBITDA was negative $156.3 million. CEO Paul Yu emphasized the company’s strategic shift toward AI infrastructure, while CFO Michael Zhang highlighted asset-liability management and a new Bitcoin funding policy to address market volatility and invest in high-potential areas.
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