Cango FY25 net loss widens to US$622 million; revenue climbs to US$688.1 million

Reuters04-11

Cango FY25 net loss widens to US$622 million; revenue climbs to US$688.1 million

Cango swung to a net loss of US$ 622 million for fiscal 2025 from net income a year earlier.
Revenue jumped to US$ 688.1 million from US$ 89.9 million.
Operating loss widened to US$ 437.1 million from US$ 5.1 million.
Bitcoin mining produced US$ 675.5 million of revenue, while impairment on mining machines reached US$ 338.3 million.
Management said deployed hash rate was 50 EH at year-end, with 6,595 Bitcoins mined in 2025; liquidity outlook said cash and operating cash flow, plus additional financing available, should cover needs due within one year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-041972), on April 10, 2026, and is solely responsible for the information contained therein.

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