Cango (CANG) Stock Falls 21% After Bitcoin Mining Revenue Halves in Q2

Cango stock fell over 21% after reporting an $81.6 million net loss for Q2 2026. Total revenue was $50.8 million, down roughly 50% from Q1, with $47.4 million from bitcoin mining. The company mined 656 BTC and holds 1,065 BTC worth about $82.8 million. Operating hashrate stood at 27.58 EH/s.