Cango Reports Substantial Loss Despite Solid February Output from Crypto Mining Firms

Crypto mining companies are continuing to report their monthly outputs, with several firms boasting significant gains in February.

However, not all news is positive, as Cango has revealed a substantial loss following the mining of 6,594 Bitcoins in 2025. The company's financial woes may be attributed to its recent strategy of selling Bitcoin to strengthen its balance sheet and accelerate its AI transformation.

CleanSpark, another prominent crypto mining firm, posted impressive results in February, mining 568 Bitcoins and selling 553 for $36.7 million at a price of $66,279 per coin. The company's total BTC holdings now stand at 13,363, with an additional 300 MW ERCOT capacity in Texas.