Cango Reports $453 Million Loss in First Year of Bitcoin Mining
The mining company Cango reported a net loss of $452.8 million for 2025. Revenue was $688.1 million, while operating expenses exceeded $1.1 billion.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Cango Reports $453 Million Loss in First Year of Bitcoin Mining
The mining company Cango reported a net loss of $452.8 million for 2025. Revenue was $688.1 million, while operating expenses exceeded $1.1 billion.
Bitdeer unveils ASIC miner for Litecoin and Dogecoin
Mining firm Bitdeer has unveiled the SEALMINER DL1 Air for cryptocurrencies that use the Scrypt hashing algorithm.
Trader predicts Bitcoin’s ‘death’ as miners pivot to AI
AI hosting brings Bitcoin miners nearly eight times more revenue than mining. Trader Ran Neuner says the gap is “killing” the network.
Oil Crisis to Impact Bitcoin Miners Through Price Volatility, Say Analysts
Rising oil prices will impact bitcoin miners more through cryptocurrency volatility than increased electricity costs, according to Hashrate Index.
Wintermute Declares Traditional Bitcoin Mining Model Obsolete
Bitcoin miners must switch to AI hosting or manage reserves as working capital, Wintermute suggests.
VanEck: Bitcoin Miners Strike Gold Amid AI Energy Shortage
The shift towards energy supply for AI is turning bitcoin miners' stocks into some of the most attractive assets in the industry, according to Matthew Sigel of VanEck.
Fewer than 1 million bitcoins remain to be mined
On March 9, the number of bitcoins yet to be mined reached 1 million. More than 95% of the 21m BTC cap is now in circulation.
Starcloud to Pioneer Bitcoin Mining in Space
By the end of the year, the Nvidia-backed company Starcloud plans to launch a satellite equipped with ASIC miners, according to CEO Philip Johnston.
Bitcoin miner Cango idles 30% of its hashrate
In February, Cango's operational hashrate averaged 34.55 EH/s, with 50 EH/s of deployed capacity.
Core Scientific Secures $500 Million from Morgan Stanley for AI Transition
Core Scientific secured a $500 million loan from Morgan Stanley. The funds will be used for AI data centers.We use cookies to improve the quality of our service.
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