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Stock impact report

Cango (CANG) Q4 2025 Earnings Call Transcript [Globe and Mail, The (Toronto, Canada)]

CITIC SECURITIES UNSP/ADR (CIIHY) 
NASDAQ:AMEX Investor Relations: citic.com/investorrelations/investorrelations
Chief Financial Officer — Yongyi Zhang Chief Investment Officer — Ming Yeung Tang Vice President, Strategy and Investor Relations — Juliet Ye TAKEAWAYS Revenue -- $179.5 million for the fourth quarter; full-year revenue reached $688.1 million, driven by the Bitcoin mining business. Bitcoin Production -- 1,718.3 Bitcoin mined in the fourth quarter, totaling 6,594.6 for the year. Mining Costs -- Average cash cost per Bitcoin excluding depreciation was $84,552 in the quarter and $79,707 for the year; all-in cost per coin was $106,251 in the quarter and $97,172 for the year. EBITDA -- Full-year adjusted EBITDA was $24.5 million on a non-GAAP basis. Impairment and Losses -- An $81.4 million impairment loss from mining machines in the quarter and $338.3 million for the year; Q4 fair value loss on receivables for Bitcoin collateral was $171.4 million, and $96.5 million for the year. Net Loss -- Net loss from continuing operations was $285 million in the quarter and $452.8 Show less Read more
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