Cango releases Q4 financial report: significant revenue growth and AI business implementation.

Cango released its Q4 and full-year financial results for fiscal year 2025. Total revenue for the year reached $688 million, producing 6,594.6 Bitcoins, with positive EBITDA for the full year. Q4 revenue was $179 million, producing 1,718.3 Bitcoins, with an average hashrate efficiency of 90.3% for the year. The net loss in the financial report was mainly due to a one-time book loss from the divestiture of its China business and a revaluation loss on equity acquisition consideration due to rising stock prices. On the balance sheet, the company sold 4,451 Bitcoins in February, using approximately $305 million of the proceeds to repay Bitcoin-backed loans to reduce financial leverage. The company recently expects to receive approximately $75.5 million in new capital injection, including $10.5 million from existing shareholders and $65 million from the company's chairman and directors. Regarding its AI business, Cango has established a wholly-owned subsidiary, EcoHash Technology LLC, in Dallas, Texas, focusing on high-performance computing and AI inference. Jack Jin, former head of infrastructure at Zoom, has joined the company as CTO of its AI business. The company's containerized modular GPU computing units are now ready for delivery, and its demo project has achieved break-even.