Bitcoin miner Cango sells 4,000 BTC, coin price decline causes operating losses
Bitcoin miner Cango Inc. released its 2025 financial report, reporting annual revenue of $688 million with mining output exceeding 6,500 BTC, and a net loss of approximately $452 million. Due to cryptocurrency market volatility and transformation costs, the stock price declined by over 52%. To reduce financial leverage, the company has sold 4,451 BTC and repurchased shares.
ChainNewsAbmedia·2h ago

