Cango Inc. Reports Q1 GAAP Loss of $0.14 per Share and Revenue Drop

Cango Inc. (CANG) reported a first-quarter loss with GAAP earnings per share at -$0.14, driven by revenue of $102 million, which fell 29.2% year-over-year. The decline was primarily due to its Bitcoin mining business contributing $98.4 million in revenue.

By Meghavi Singh, SA News Editor · Seeking Alpha · June 1, 2026, 04:24 UTC

Cango Inc. Reports Q1 GAAP Loss of $0.14 per Share and Revenue Drop

Topics: Bitcoin mining debt reduction revenue decline

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