Sentiment: Negative
Buy Bitcoin, Ethereum and Crypto Currencies/Coins from:
|
Binance |
|
Coinbase |
|
KUCOIN |
|
AscendEX (Formally BitMax) |
Cango (CANG) Stock Falls 21% After Bitcoin Mining Revenue Halves in Q2
By Trader Edge at 2026-09-10 04:20
Sentiment: Negative
TLDR Cango stock fell more than 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 during the quarter and holds 1,065 BTC worth around $82.8 million. Operating hashrate stood at 27.58 EH/s [...] The post Cango (CANG) Stock Falls 21% After Bitcoin Mining Revenue Halves in Q2 appeared first on CoinCentral. Continue reading...
Categories: Bitcoin
Tags: #Bitcoin #News #Stocks
Source Coin Central