Cango Mines 656 BTC in Q2, Generates $47.4M in Mining Revenue

Cango, a publicly traded Bitcoin miner listed on the NYSE under ticker CANG, reported its Q2 2026 results. The company mined 656 BTC during this period, with mining revenue reaching $47.4 million.

The total revenue for Q2 was $50.8 million, with the majority coming from the Bitcoin mining segment. However, Cango posted a net loss of $81.6 million due to impairment charges and disposal losses tied to declines in mining rig values.

Cango's operating hash rate stood at 27.58 EH/s as of June 30, comprising 19.84 EH/s from self-mining and 7.74 EH/s from leased capacity. The company's average cash mining cost per BTC fell about 5% from the previous quarter to $73,313.