New York Stock Exchange (NYSE)-listed Bitcoin mining company Cango (CANG) announced that it mined 656 BTC in the second quarter. Out of $50.8 million in revenue, Bitcoin mining operations accounted for $47.4 million. The net loss was $81.6 million, with impairment losses and disposal losses due to the decline in the value of mining machines accounting for a significant portion. As of June 30 (local time), the operational hashrate was 27.58 EH/s, consisting of 19.84 EH/s from self-mining and 7.74 EH/s from leased operations. The average cash cost of mining per BTC was $73,313, a decrease of approximately 5% compared to the previous quarter. Bitcoin holdings were 1056 BTC, and long-term debt was $31.2 million.
