Cango received $50.8 million in the second quarter, and AI infrastructure operations entered the commercialization phase

The NYSE listed company Cango received $50.8 million in the second quarter of 2026, of which the BTC mining operation contributed $47.4 million and other operating income of $3.4 million. As at 30 June, Cango held 1,056 BTCs, $10.1 million in cash and cash equivalents and $31.2 million in long-term liabilities. A total of 656 BTCs were dug in the second quarter, at an average cost of $73.313 million per cash mine. Cango LN mine in Georgia, United States of America, completed conversion, first AI customer contract signed, AI infrastructure business formally entered into commercialization phase