Cango's Q2 revenue of $50.8 million, AI infrastructure business enters commercialization stage BlockBeats News: On September 1st, according to official sources, NYSE listed company Cango's Q2 2026 revenue was $50.8 million, with BTC mining contributing $47.4 million and other business revenue of $3.4 million. As of June 30th, the company holds 1056 BTC, cash and cash equivalents of $10.1 million, and long-term debt of $31.2 million. In terms of mining, Cango continues to phase out the S19 series mining machines with lower efficiency and partially switches to a computing power leasing model. As of June 30th, the company's self operated computing power was 19.84 EH/s, leased computing power was 7.74 EH/s, and the total operating computing power was 27.58 EH/s; In the second quarter, a total of 656 BTC were mined, with an average cash mining cost of $73313 per BTC, a decrease of about 5% compared to the first quarter. The company has also started implementing BTC hedging strategies to reduce the impact of price fluctuations on operating cash flow. In terms of AI infrastructure, Cango's LN mine in Georgia, USA, completed renovation in early July and can currently support up to 3 megawatts of capacity with reserved space for future expansion. The containerized equipment has been installed and the GPU hardware is being delivered in batches. The company has signed its first AI customer contract, and its business has officially entered the commercialization stage from infrastructure construction and technology verification. It is expected to start recognizing related revenue in the third quarter. In addition, Cango also plans to develop two modes of bare metal GPU hosting and cabinet hosting simultaneously, and has not yet signed a formal cabinet hosting contract. In addition, the company has deployed test nodes in Texas and the West Coast of the United States to meet customers' needs for nearby deployment, and is evaluating the possibility of more potential sites and self built facilities.