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Fast Track to Victory: F1 Red Bull Racing Team Wins in Suzuka, Gate.io Races Ahead with Technology
Source: Gate.io
On April 6, 2025, the F1 Japanese Grand Prix concluded successfully at the Suzuka Circuit. Max Verstappen, the driver of the F1 Red Bull Racing Team, started from pole position, led the race all the way, and eventually won the championship, achieving a four consecutive wins in Japan. This victory broke Michael Schumacher's record of three consecutive wins and laid a solid foundation for the Red Bull Racing Team's championship journey this season. As an official partner of the F1 Red Bull Racing Team, Gate.io has always practiced the same concept in the field of cryptocurrency trading—centering on technology, guided by precise strategies, continuously breaking through in market competition, and taking a leading position. Racing and trading, seemingly belonging to different fields, are actually both pursuing ultimate speed, precise decision-making, and continuous innovation in technology. This is the deep logic behind Gate.io's partnership with the F1 Red Bull Racing Team.
Victory through Speed: The Lightning Connection Between the Red Bull Racing Team and Gate.io
The charm of F1 lies in the competition between milliseconds, where every overtaking and every pit stop strategy adjustment can affect the final ranking. The Red Bull Racing Team's victory at the Suzuka Circuit is inseparable from the meticulous optimization of the car in aerodynamics, power unit, and tire management. These technical details enable the car to remain stable at high speeds and deliver a decisive blow at critical moments.
In the cryptocurrency market, speed and execution are also key to victory. Gate.io has always been loved by global users for its "fast listing and wide range of coins," not only selecting high-quality projects but also empowering users to seize financial opportunities through speed, earning it the title of the "last stop before Binance." Additionally, with the development of blockchain technology, Gate.io continuously improves execution efficiency, enhances platform performance, and user experience, providing global users with a more efficient and secure trading experience.
While racing seeks stability in extreme speed, trading platforms strive for efficiency and security in market fluctuations. The collaboration between Gate.io and the F1 Red Bull Racing Team is not just about brand linkage but also a joint exploration of the limits of speed.
Precise Strategy: From Track Tactics to Market Layout
The success of F1 relies not only on the car's hardware performance but also on strategic planning. From tire strategies in qualifying sessions to pit stop timing in the race, every decision needs to be based on massive data analysis. With outstanding tactical execution, the F1 Red Bull Racing Team successfully controlled the pace of the race and achieved victory at the Suzuka Circuit.
In the blockchain world, precise decision-making is equally crucial. In 2024, Gate Entities successfully acquired the licensed Japanese exchange Gate Japan (formerly known as Coin Master), marking its formal entry into the Japanese market. This was not only an important step in Gate.io's global compliance process but also a precise layout in the Asian market. The Japanese market has strict regulations and high requirements for the technology, security, and compliance capabilities of trading platforms. Through strategic acquisition, Gate.io smoothly entered this key market, demonstrating strong market judgment and execution capability.
Just as the Red Bull Racing Team dominates the race track with precise strategy, Gate.io also demonstrates foresight in its global market positioning, continuously optimizing the trading experience, driving industry standardization, and providing global users with a more secure and efficient digital asset trading service.
Technology Driving the Future: A Shared Vision Beyond Boundaries
Every upgrade in an F1 car is a challenge to the limit. Similarly, Gate.io's technical innovation in the blockchain industry is an exploration of the future financial system. Whether it's the speed of listing, product updates, or the construction of a security protection system, Gate.io always maintains technological leadership to drive industry development through innovation.
During the F1 Japanese Grand Prix, Gate.io invited VIP users to the Suzuka Circuit to deeply experience the high-speed charm of the F1 Red Bull Racing Team. From the behind-the-scenes operation of the team garage to the precise tuning of the racing cars and tactical deployment, invited guests experienced up close the beauty of technology and competition in this top-tier event. In addition, guests also enjoyed gourmet food meticulously crafted by Michelin-starred chefs in the VIP lounge and had face-to-face exchanges with star drivers, experiencing every breakthrough and challenge on the track. This was not only a sensory feast but also a perfect interpretation of Gate.io's "ultimate user experience" concept.
On the F1 track, speed and technology determine the outcome; in the blockchain world, innovation and execution determine the future. Gate.io will continue to collaborate with the F1 Red Bull Racing Team, pushing the limits on their respective tracks and leading industry advancement.
Disclaimer: This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. Please note that Gate.io may restrict or prohibit all or part of its services from restricted regions. Please read the user agreement for more information.
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Sun Valley Releases 2025 Financial Report: Bitcoin Mining Revenue Reaches $670 Million, Accelerating Transformation to AI Infrastructure Platform
On March 16, 2026, in Dallas, Texas, USA, CanGu Company (New York Stock Exchange code: CANG, hereinafter referred to as "CanGu" or the "Company") today announced its unaudited financial performance for the fourth quarter and full year ended December 31, 2025. As a btc-42">bitcoin mining enterprise relying on a globally operated layout and dedicated to building an integrated energy and AI computing power platform, CanGu is actively advancing its business transformation and infrastructure development.
• Financial Performance:
Total revenue for the full year 2025 was $688.1 million, with $179.5 million in the fourth quarter.
Bitcoin mining business revenue for the full year was $675.5 million, with $172.4 million in the fourth quarter.
Full-year adjusted EBITDA was $24.5 million, while the fourth quarter was -$156.3 million.
• Mining Operations and Costs:
A total of 6,594.6 bitcoins were mined throughout the year, averaging 18.07 bitcoins per day; of which 1,718.3 bitcoins were mined in the fourth quarter, averaging 18.68 bitcoins per day.
The average mining cost for the full year (excluding miner depreciation) was $79,707 per bitcoin, and for the fourth quarter, it was $84,552;
The all-in sustaining costs were $97,272 and $106,251 per bitcoin, respectively.
As of the end of December 2025, the company has cumulatively produced 7,528.4 bitcoins since entering the bitcoin mining business.
• Strategic Progress:
The company has completed the termination of the American Depositary Receipt (ADR) program and transitioned to a direct listing on the NYSE to enhance information transparency and align with its strategic direction, with a long-term goal of expanding its investor base.
CEO Paul Yu stated: "2025 marked the company's first full year as a bitcoin mining enterprise, characterized by rapid execution and structural reshaping. We completed a comprehensive adjustment of our asset system and established a globally distributed mining network. Additionally, the company introduced a new management team, further strengthening our capabilities and competitive advantage in the digital asset and energy infrastructure space. The completion of the NYSE direct listing and USD pricing also signifies our transformation into a global AI infrastructure company."
"As we enter 2026, the company will continue to optimize its balance sheet structure and enhance operational efficiency and cost resilience through adjustments to the miner portfolio. At the same time, we are advancing our strategic transformation into an AI infrastructure provider. Leveraging EcoHash, we will utilize our capabilities in scalable computing power and energy networks to provide cost-effective AI inference solutions. The relevant site transformations and product development are progressing simultaneously, and the company is well-positioned to sustain its execution in the new phase."
The company's Chief Financial Officer, Michael Zhang, stated: "By 2025, the company is expected to achieve significant revenue growth through its scaled mining operations. Despite recording a net loss of $452.8 million from ongoing operations, mainly due to one-time transformation costs and market-driven fair value adjustments, the company, from a financial perspective, will reduce its leverage, optimize its Bitcoin reserve strategy and liquidity management, introduce new capital to strengthen its financial position, and seize investment opportunities in high-potential areas such as AI infrastructure while navigating market volatility."
The total revenue for the fourth quarter was $1.795 billion. Of this, the Bitcoin mining business contributed $1.724 billion in revenue, generating 1,718.3 Bitcoins during the quarter. Revenue from the international automobile trading business was $4.8 million.
The total operating costs and expenses for the fourth quarter amounted to $4.56 billion, primarily attributed to expenses related to the Bitcoin mining business, as well as impairment of mining machines and fair value losses on Bitcoin collateral receivables.
This includes:
· Cost of Revenue (excluding depreciation): $1.553 billion
· Cost of Revenue (depreciation): $38.1 million
· Operating Expenses: $9.9 million (including related-party expenses of $1.1 million)
· Mining Machine Impairment Loss: $81.4 million
· Fair Value Loss on Bitcoin Collateral Receivables: $171.4 million
The operating loss for the fourth quarter was $276.6 million, a significant increase from a loss of $0.7 million in the same period of 2024, primarily due to the downward trend in Bitcoin prices.
The net loss from ongoing operations was $285 million, compared to a net profit of $2.4 million in the same period last year.
The adjusted EBITDA was -$156.3 million, compared to $2.4 million in the same period last year.
The total revenue for the full year was $6.881 billion. Of this, the revenue from the Bitcoin mining business was $6.755 billion, with a total output of 6,594.6 Bitcoins for the year. Revenue from the international automobile trading business was $9.8 million.
The total annual operating costs and expenses amount to $1.1 billion.
Specifically, they include:
· Revenue Cost (excluding depreciation): $543.3 million
· Revenue Cost (depreciation): $116.6 million
· Operating Expenses: $28.9 million (including related-party expenses of $1.1 million)
· Miner Impairment Loss: $338.3 million
· Bitcoin Collateral Receivable Fair Value Change Loss: $96.5 million
The full-year operating loss is $437.1 million. The continuing operations net loss is $452.8 million, while in 2024, there was a net profit of $4.8 million.
The 2025 non-GAAP adjusted net profit is $24.5 million (compared to $5.7 million in 2024). This measure does not include share-based compensation expenses; refer to "Use of Non-GAAP Financial Measures" for details.
As of December 31, 2025, the company's key assets and liabilities are as follows:
· Cash and Cash Equivalents: $41.2 million
· Bitcoin Collateral Receivable (Non-current, related party): $663.0 million
· Miner Net Value: $248.7 million
· Long-Term Debt (related party): $557.6 million
In February 2026, the company sold 4,451 bitcoins and repaid a portion of related-party long-term debt to reduce financial leverage and optimize the asset-liability structure.
As per the stock repurchase plan disclosed on March 13, 2025, as of December 31, 2025, the company had repurchased a total of 890,155 shares of Class A common stock for approximately $1.2 million.
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