According to TheEnergyMag, Cango (NYSE: CANG) announced its unaudited Q2 2026 results, reporting revenue of $50.8 million, down approximately 50% quarter-over-quarter. The net loss from continuing operations narrowed to $81.6 million from $261.1 million in Q1, mainly due to a $42.9 million impairment on mining machines and an $8.5 million loss on equipment disposal. Adjusted EBITDA loss decreased to $10.7 million. By the end of the quarter, the company’s operational hashrate stood at 27.58 EH/s, with 19.84 EH/s from self-mining and 7.74 EH/s from leased hashrate, producing 656 BTC during the quarter. The average cash cost per BTC dropped to $73,313, and as of the end of June, the company held 1,056 BTC. On the AI infrastructure front, its 3 MW site in Georgia, USA, completed upgrades in early July and plans to offer bare-metal GPU hosting and data center colocation services, with the first batch of revenue expected to be recognized in Q3. The company has also deployed test nodes in Texas and on the U.S. West Coast. https://(wublock123.com)/news/news-67540