Cango's Q2 revenue was $50.8 million, and its AI infrastructure business entered the commercialization stage

Cano, a NYSE listed company, had a revenue of $50.8 million in the second quarter of 2026, with BTC mining contributing $47.4 million and other business revenue of $3.4 million. As of June 30th, Cango holds 1056 BTC, cash and cash equivalents of $10.1 million, and long-term debt of $31.2 million. In the second quarter, a total of 656 BTC were mined, with an average cash mining cost of $73313 per BTC. Cango's LN mining site in Georgia, USA has completed renovation, and the first AI customer contract has been signed. The AI infrastructure business has officially entered the commercialization stage.