Bitcoin mining company Cango Inc. released its 2025 financial report, with total annual revenue of $688 million ($675 million from mining), mining a total of 6,594.6 bitcoins. Affected by factors such as mining equipment impairment, the company recorded a net loss from continuing operations of $452 million for the year. Its comprehensive mining cost per bitcoin in 2025 reached $97,272. Cango CEO Paul Yu stated that the company is advancing its transition to becoming an AI infrastructure provider.

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