Cango 2025 Financial Report: Mining Revenue of $675 Million, Total of 6,594.6 Bitcoin Mined for the Year

DeepFlowTech · 2026-03-17T06:01:40+00:00

Bitcoin mining company Cango Inc. released its 2025 financial report with total revenue of $688.1 million for the year, of which $675.5 million came from bitcoin mining, and a net loss of $452.8 million. Affected by bitcoin price declines and impairment charges, fourth quarter revenue was $179.5 million with adjusted EBITDA of -$156.3 million. The company plans to sell bitcoin to pay down debt.

DeepFlowTech

2026-03-17 06:01:40

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Deep Tide TechFlow News, March 17, reports that Bitcoin mining company Cango Inc. (NYSE: CANG) released its unaudited financial results for the full year 2025 and the fourth quarter. The total annual revenue was $688.1 million, with Bitcoin mining revenue of $675.5 million, mining a total of 6,594.6 BTC throughout the year, averaging 18.07 BTC per day. The full-year adjusted EBITDA was $24.51 million.

The fourth quarter revenue was $179.5 million, with 1,718.3 BTC mined. However, due to a decline in Bitcoin prices, impairment losses on mining equipment ($338.3 million), and fair value adjustments, the company reported a net loss of $452.8 million for the full year. The adjusted EBITDA for the fourth quarter was -$156.3 million. As of the end of 2025, the company held $41.23 million in cash, had long-term related-party debt of $557.6 million, and in February 2026, sold 4,451 BTC to repay part of the debt and reduce financial leverage.

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