Cango shares fall after $81.6 million Q2 net loss report
Cango shares dropped more than 21% after the bitcoin miner reported an $81.6 million second-quarter net loss while continuing to scale back mining operations. Total Q2 revenue was $50.8 million, down roughly 50% from Q1.
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.