Net loss of approximately US$300 million, why did the stock price rise?
Original | Odaily Planet Daily ( @OdailyChina )
Author | Golem ( @web3_golem )
On September 5, Cango Inc., the world’s second-largest Bitcoin mining company, released its Q2 2025 financial report (as of June 30). This is Cango Inc.’s first quarterly report after completing its strategic transformation from an Internet car company to a Bitcoin mining company, and it has attracted much attention from the outside world.
According to the financial report, Cangu’s total revenue for the second quarter of 2025 was RMB 1 billion (US$139.8 million), of which RMB 989.4 million (US$138.1 million) came from Bitcoin mining, with a total of 1,404.4 bitcoins mined in the second quarter. Revenue from traditional auto trading was RMB 12.4 million…
