TechFlow News, March 17: According to a PR Newswire report, Bitcoin mining company Cango Inc. (NYSE: CANG) released its unaudited financial results for the full year and fourth quarter of 2025. Total revenue for the year amounted to $688.1 million, of which $675.5 million was derived from Bitcoin mining operations. The company mined a total of 6,594.6 BTC during the year—averaging 18.07 BTC per day—and reported adjusted EBITDA of $24.51 million for the full year.
Revenue for the fourth quarter totaled $179.5 million, with 1,718.3 BTC mined. However, due to declining Bitcoin prices, impairment losses on mining equipment ($338.3 million), and fair-value adjustments, the company reported a net loss from continuing operations of $452.8 million for the full year. Adjusted EBITDA for the fourth quarter stood at -$156.3 million. As of year-end 2025, the company held $41.23 million in cash and $557.6 million in long-term related-party debt. In February 2026, the company sold 4,451 BTC to repay part of its debt and reduce financial leverage.
