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After a $450 Million Loss: Can Bitcoin Miner Cango Turn the Tide with AI and Overcome the Mining Industry’s Crisis?

After a $450 Million Loss: Can Bitcoin Miner Cango Turn the Tide with AI and Overcome the Mining Industry’s Crisis?

In its first year as a transformed Bitcoin mining company, Cango released its 2025 financial report: total revenue reached $688.1 million, but due to impairment of mining equipment and high operating costs, net losses amounted to $452.8 million. This article breaks down the structure of these losses and analyzes the industry rationale behind its pivot to AI infrastructure.

Blog Team03/18/2026

Last week, net inflows into crypto assets reached $2.17 billion, hitting a three-month high. Is the market sentiment shifting?

Last week, net inflows into crypto assets reached $2.17 billion, hitting a three-month high. Is the market sentiment shifting?

Capital is pouring into the digital asset market like a rising tide. In just one week, global crypto investment products saw a staggering net inflow of $2.17 billion.

Blog Team01/20/2026

What's Behind XRP's 20% Plunge: Can a $500 Million Fundraising Turn the Tide?

What's Behind XRP's 20% Plunge: Can a $500 Million Fundraising Turn the Tide?

XRP prices remain under pressure amid broadly bearish market sentiment, even as Ripple has just secured a substantial $500 million strategic investment.

Blog Team11/07/2025

Bitcoin Dominance Chart Drops Below 61% — Is an Altcoin Season About to Fully Explode?

Bitcoin Dominance Chart Drops Below 61% — Is an Altcoin Season About to Fully Explode?

As capital floods into altcoins like a tide, a new round of wealth effects may be surging in the undercurrents.

Blog Team07/21/2025

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When Will the Top-Ranking Project Turn the Tide When Airdrops Fall Short of Expectations?

When Will the Top-Ranking Project Turn the Tide When Airdrops Fall Short of Expectations?

Why were large-scale projects abandoned by the community when airdrops fell short of expectations and coin prices fell upon opening?

Gate.io Researcher：Carl Y.07/04/2024