EconomyCango shares plunge 20% after bitcoin miner reports $81.6 million Q2 loss

Cango reduced the size of its mining fleet in the second quarter as revenue declined and the company concentrated on improving efficiency. Its shares plunged 20% after it reported an $81.6 million quarterly loss.

CangoBitcoin miningquarterly loss

TThe Block★★☆☆☆2026-09-01 15:48Original