Cango (CANG) has announced a weekly Bitcoin mining output of 129.9 BTC, underscoring its expanding technical capabilities. This production translates to approximately $11.7 million in revenue at the current Bitcoin price of $90,000. Despite this, the company faces challenges due to a 13% decline in Bitcoin's price since the start of 2025, raising concerns about the sustainability of its earnings. Cango's Q2 2025 financial results revealed a net loss of $295.4 million, primarily due to asset impairments and write-downs, despite achieving a core mining profit of $99.1 million in adjusted EBITDA. The company is increasing its mining capacity with 50 EH/s of hashrate and is focusing on expanding into the U.S. market. However, its recent NYSE listing saw a 45% drop in share price, reflecting market skepticism about its long-term prospects in a bearish market environment.