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Cango: power cost and cost per bitcoin, 2026

Energy and hosting are one line; no kWh or fleet efficiency disclosed, so rates are a range at 17–22 J/TH. Energy not disclosed: rates are an estimated range.

Cost per kWh, quarter by quarter

PeriodEnergy (MWh)Power ¢/kWhAll-in ¢/kWhLoaded ¢/kWh
Q1 2026——6.6–8.5¢ est.—
Q2 2026——6.6–8.5¢ est.—
H1 2026——6.6–8.5¢ est.—

What a bitcoin cost them

PeriodBitcoin minedPower $/BTCAll-in $/BTCLoaded $/BTCRevenue $/BTC
Q1 20261,266$76,900$78,700$83,000$77,800
Q2 2026656$73,300$77,300$87,100$72,300
H1 20261,922$75,700$78,200$84,400$75,900

The hardware

PeriodDepreciationImpairmentsSpending on machines
Q1 2026$29.4m$49mnot separable
Q2 2026$16.9m$42.9mnot separable
H1 2026$46.3m$91.9mnot separable

Full analysis, with every filing linked · All public miners

This is our analysis of the company's public filings, not an audit in the accounting sense, and it is not investment advice. Mining output depends on bitcoin's price, difficulty and uptime, and isn't guaranteed.