Cango Announces Q2 Earnings: Enhanced Adjusted EBITDA and 50 EH/s Reached, Positioning as One of the World’s Largest Bitcoin Miners
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Cango's Growth in Bitcoin Mining: Cango Inc. has rapidly scaled its Bitcoin mining operations to 50 EH/s, capturing 6% of the global Bitcoin network by the end of Q2 2025, and reported a significant increase in Bitcoin production in July.
Strategic Transformation and Financial Performance: The company underwent a strategic overhaul, including a leadership restructuring and a shift to an asset-light model, resulting in Q2 revenue of $139.8 million, despite a loss attributed to discontinued operations in China.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
