Cango Releases Q4 Financial Report: Significant Revenue Growth, AI Business Implementation

SmartContractAuditor · 2026-03-17T05:11:09+00:00

Cangu announced its fiscal year 2025 Q4 and full-year financial results, with total revenue reaching $688 million and producing 6,594.6 bitcoins. Q4 revenue was $179 million. The net loss mainly resulted from the divestment of Chinese operations and revaluation losses on equity holdings. The company sold 4,451 bitcoins to repay loans and expects to receive a $75.5 million capital injection. Additionally, Cangu has established an AI subsidiary in Texas focused on high-performance computing.

SmartContractAuditor

2026-03-17 05:11:09

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Odaily Planet Daily reports that Cangu has released its FY2025 Q4 and full-year financial results. The full year revenue reached $688 million, producing 6,594.6 Bitcoin, with positive EBITDA for the year; Q4 revenue was $179 million, producing 1,718.3 Bitcoin, with an average hash rate efficiency of 90.3% for the year. The net loss in the financial report mainly resulted from a one-time accounting loss from divesting the China business and a revaluation loss of equity acquisition consideration due to rising stock prices.

On the balance sheet, the company sold 4,451 Bitcoin in February, generating approximately $305 million, which was used to repay Bitcoin-backed loans to reduce financial leverage. The company recently expects to receive about $75.5 million in new capital injections, including a $10.5 million equity increase from shareholders and a $65 million investment from the company’s chairman and directors.

In AI business, Cangu has established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, Texas, focusing on high-performance computing and AI inference. Former Zoom infrastructure head Jack Jin has joined as CTO of the AI division. The company’s containerized modular GPU computing units are now in the delivery stage, and the demo project has achieved breakeven.

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