Football Dream Building Tomorrow: Gate.io Partners with Inter Milan to Officially Launch Vietnam Football Charity Plan

By: blockbeats|2025/04/09 19:00:01

Football Dream Building Tomorrow: Gate.io Partners with Inter Milan to Officially Launch Vietnam Football Charity Plan

On April 9, 2025, Gate.io, a leading global cryptocurrency exchange, partnered with Inter Milan Football Club to officially launch the "Football Dreaming of the Future: Gate.io x Inter Vietnam Charity Program" opening ceremony and series of events. The program is dedicated to building and improving sports infrastructure in schools across Vietnam, encouraging local students to actively participate in sports and grow up healthy and strong.

After rigorous selection, Cam Xa Elementary School in Hung Yen Province, Vietnam, became the first beneficiary of the program. Gate.io invested in building an 880-square-meter modern football field, which was efficiently constructed in 20 days and was fully completed by the end of March. The field features a 5cm diamond fiber artificial turf, equipped with a 250W LED lighting system and professional fencing facilities, fundamentally transforming the school's previously rudimentary sports grounds.

On the morning of April 9, local time, Gate.io held a grand "Football Dreaming of the Future" charity event launch ceremony and donation ceremony at Cam Xa Elementary School. The event was filled with youthful enthusiasm, and the students at the school presented carefully choreographed performances. Following this, a friendly football match took place, where the young players from the school engaged in friendly competition, and Gate.io awarded prizes to the best players. During the event, the Inter Milan Women's Football Team specially sent a video message to encourage Vietnamese students to pursue their football dreams.

Furthermore, Gate.io's Chief Business Officer, Kevin Lee, delivered a speech at the ceremony, reaffirming Gate.io's commitment to social responsibility and its long-term support for youth sports. In his address, he emphasized, "The first landing of this Football Dreaming of the Future charity program not only injects new vitality into the development of school football culture in Vietnam but also demonstrates Gate.io's steadfast commitment to fulfilling social responsibilities and assisting the growth of the younger generation in pursuing sports dreams."

As the official sleeve sponsor of Inter Milan's jerseys, Gate.io has been deeply involved in the global sports field. Since the 2024-2025 season, Gate.io has officially entered into a strategic partnership with Inter Milan, upholding the shared principles of innovation, community building, and competitive spirit, dedicated to promoting the deep integration of blockchain technology and the sports industry. The football charity project in Vietnam is a significant practical cooperation between the two parties in the field of social welfare. Gate.io looks forward to supporting youth football development through more community football projects, unleashing a wider range of social value through the combination of technology and sports.

The successful implementation of this charity project marks an important step for Gate.io in its social responsibility efforts in the fields of sports and education. In the future, Gate.io plans to expand the "Football Building Dreams for the Future" charity project to more schools, contribute to the improvement of sports facilities for Vietnamese students, and help more students develop a healthy physique through sports, courageously pursuing their dreams while growing up.

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 some or all services from restricted areas.

This article is contributed content and does not represent the views of BlockBeats.

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.

2025 Full Year and Fourth Quarter Financial and Operational Highlights

• 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."

Fourth Quarter 2025 Ongoing Operations Financial Performance

Revenue

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.

Operating Costs and Expenses

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

Profit Situation

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.

Full Year 2025 Ongoing Operations Financial Performance

Revenue

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.

Operating Costs and Expenses

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

Profitability

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.

Financial Position

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.

Stock Repurchase

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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