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Cango Reports $688 Million FY2025 Revenue and 6,594.6 Bitcoin Mined

Cango Reports $688 Million FY2025 Revenue and 6,594.6 Bitcoin Mined

According to the company’s official announcement, Cango’s first full year of Bitcoin mining coincided with a roughly $450 million full-year net loss, which it linked to transition-related costs and a strategic shift toward AI infrastructure.

BTC

Fact Check
The claim is fully supported by Cango Inc.'s official unaudited financial results for FY2025. The revenue ($688.1M), Bitcoin mining revenue ($675.5M), and production (6,594.6 BTC) figures match the official report. The detail regarding the February 2026 Bitcoin sale to repay related-party debt is also confirmed by financial news coverage of the same report.
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Summary

In an official announcement, Cango said it generated $688.1 million in revenue in 2025, including $675.5 million from Bitcoin mining, and mined 6,594.6 BTC during its first full year in the business after starting in November 2024. The company also reported an unaudited full-year net loss of about $450 million, consistent with its previously disclosed $452.8 million net loss from continuing operations. Cango said the result was affected by business transition costs and a shift in investment toward AI infrastructure. It had previously disclosed that it sold 4,451 BTC in February 2026 to reduce leverage, strengthen the balance sheet, and support that strategic pivot.

Terms & Concepts
  • Bitcoin: The native cryptocurrency of the Bitcoin network, which companies can mine, hold, or sell as part of treasury and operating strategy.
  • Bitcoin mining: The process of using computing power to validate Bitcoin network transactions and earn newly issued BTC and transaction-related rewards.
  • AI infrastructure: Computing and data center systems used to support artificial intelligence workloads, including model deployment and inference services.