Doanh thu quý 1/2026 của Cango đạt 102 triệu USD, ra mắt nền tảng khai thác AI EcoHash

The Huoxing Finance report states that on June 1, U.S.-listed mining company Cango Inc. (NYSE: CANG) released its Q1 2026 financial results. In Q1 2026, Cango generated total revenue of $102 million, with Bitcoin mining contributing $98.4 million and producing a total of 1,266 Bitcoin this quarter. The company actively reduced leverage, cutting long-term debt from $557.6 million at the end of 2025 to $30.6 million—a 94.5% reduction—significantly optimizing its balance sheet. As of quarter-end, the company held 1,026 Bitcoin and received a $65 million capital injection from its chairman’s entity, further enhancing liquidity. Despite recording a net loss of $261.1 million due to the decline in Bitcoin prices, the loss was primarily non-cash impairment charges (including $151.8 million in fair value adjustments of pledged receivables and $69.3 million in impairment and disposal of mining rigs), while core mining cash flow remained robust. Operational hashrate reached 37.01 EH/s (27.98 EH/s self-operated). The company continues to phase out inefficient S19 models and upgrade to high-efficiency S21 equipment, while transitioning some sites to a revenue-sharing托管 model, significantly reducing electricity and operational risks. The biggest highlight of this quarter was the official launch of the EcoHash AI hashrate platform, with pilot modules of modular containerized computing units initiated, marking a substantive step in the company’s strategic transition from Bitcoin mining to an AI hashrate network. In the future, the company will solidify its mining cash flow foundation and, leveraging its strategic partnership with DL Group, gradually build a global AI hashrate ecosystem.