Cango Reports Q2 Earnings: Improved Adjusted EBITDA, 50 EH/s Achieved, Now Among Largest Bitcoin Miners Globally - Cango (NYSE:CANG)

Cango Inc. CANG has emerged as a significant player in the competitive Bitcoin mining industry, reporting a substantial operational scaling to 50 EH/s of computing power at the close of Q2 2025. This rapid expansion positions Cango among the global leaders, with the company estimating that its deployed hash rate represented 6% of the global Bitcoin network by June-end.For the three months ended June 30, 2025, Cango mined a total of 1,404.4 Bitcoin at an average cost to mine, excluding depreciation of mining ...