Bitcoin Miner Cango Loses $81.6M in Q2, Sending Shares Down 20%
Covered by 1 source · 1 article
TL;DR Cango reported an $81.6 million Q2 net loss, largely linked to non-cash impairment and disposal charges from older mining equipment. Bitcoin mining revenue fell to $47.4 million, while the company produced 656 BTC and reduced its cash…
Covered by
