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Gate.io WCTC Season 7 Kicks Off, Racing Towards a $5 Million Prize Pool and a Ford Mustang GT Super Prize
Source: Gate.io
In April 2025, the cryptocurrency field will witness a highly anticipated global top-tier event: the Gate.io WCTC S7 World Cryptocurrency Trading Championship. As one of the most prestigious cryptocurrency trading events globally, this competition, with its innovative format, generous prize pool, and diverse activities, aims to create an unparalleled competitive extravaganza for global futures traders.
Racing on the Track, Demonstrating Strength and the Positioning of an "Outstanding Platform"
As a leading global digital asset trading platform, Gate.io has experienced rapid growth in recent years. The platform currently has over 22 million registered users, with both spot and futures trading driving its growth, ranking in the industry's Top 2 and Top 5, respectively. In terms of product experience, asset security, innovation capability, and global expansion, Gate.io has made comprehensive efforts and has become one of the mainstream platforms trusted by traders worldwide.
In terms of brand building, Gate.io has also been continually strengthening its efforts. Over the past two years, the platform has actively sponsored multiple top international sports brands and officially became the sponsor of the F1 Red Bull Racing Team in 2025. F1 is the world's top racing platform, representing speed, technology, limits, and glory. Its pursuit of ultimate performance and strategic gameplay align closely with cryptocurrency trading.
The WCTC S7 trading competition, themed around F1, is a vivid interpretation of Gate.io's philosophy of "speed, precision, and robustness" in trading. F1 is not just a sport but also a symbol of spirit. It represents a challenge to the limits and a dedication to excellence. Gate.io has brought this spirit into the cryptocurrency world, making WCTC S7 more than just a competition but also a high-profile global trading event.
Top-tier Event with a Dynamic Prize Pool of up to $5 Million
Gate.io WCTC S7 officially started early bird registration on April 15th, with a total event prize pool of up to $5 million. This competition adopts a dual-track mode of team and individual events, combined with exciting activities like red envelope rain, aiming to provide participants with diverse participation methods and generous event rewards.
Schedule:
Early Bird Registration: April 15th 00:00 - April 21st 00:00 (UTC)
Airdrop Event: April 15th 00:00 - June 8th 00:00 (UTC)
Official Registration: April 21st 00:00 - June 8th 00:00 (UTC)
Individual Competition: May 7th 00:00 - June 8th 00:00 (UTC)
Team Competition First Half: May 7th 00:00 - May 23rd 00:00 (UTC)
Team Competition Second Half: May 23rd 00:00 - June 8th 00:00 (UTC)
Team Competition: Dual Half Mechanism, Compete for the Super Prize
The Team Competition accounts for 80% of the total prize pool, with a maximum of 4 million USD to be shared. The team competition in this event adopts a "first and second half segmented competition" mechanism, with each half lasting two weeks, and the data segments are reset. This means that the same team can readjust their strategy after the first half to once again compete for the Top 20 leaderboard in the second half.
Furthermore, participating in the team competition also presents the opportunity to win the super prize - a Ford Mustang GT. The team ranking first in total trading volume will directly receive this iconic symbol of glory.
Individual Competition: Tiered Rewards, Inclusive of a Thousand Traders
The Individual Competition accounts for 20% of the total prize pool, with a maximum of 1 million USD to be shared. The individual competition is centered around cumulative trading volume and has set up a tiered reward mechanism. The top 300 traders will share a million-dollar cash prize, with higher rankings receiving more substantial rewards; traders ranked 301-700 will receive exclusive peripheral gift packages; and traders ranked 701-1000 will share $20,000 in contract experience vouchers.
Airdrop Event: 100% Winning Rate, Fragmented Collectible Card Gameplay
During the event, the Airdrop Event will offer participants a 100% winning probability. Participants will receive fee rebate vouchers or contract experience vouchers, and they also have the opportunity to obtain physical rewards through "Hourly Airdrops" and "Super Airdrops," such as iPhone 16 Pro Max fragments, popular tokens, and limited-edition collectible fragment peripherals like hoodies and co-branded thermos bottles.
In addition, by collecting WCTC S7 exclusive fragments, users can also share $10,000 in contract experience vouchers.
Low-Threshold Participation, Inclusivity and Rarity Coexist
The participation mechanism of this event is extremely user-friendly, where users can freely choose between team and individual competitions based on their preferences. The "everyone wins a prize" design of the Airdrop Event allows novice players to easily participate and receive rewards, while the "random fragment drops" gameplay provides a deep engagement experience for experienced players.
Join WCTC S7 and Embark on the Journey of Glory
The Gate.io WCTC S7 has now begun, marking the pinnacle showdown for global players. Here, you will compete with trading masters from around the world; here, you will have the opportunity to share a prize pool of up to $5 million; here, you will experience an unprecedented cryptocurrency trading feast.
Whether you are a novice newcomer or a seasoned veteran trader, WCTC S7 has prepared an excellent trading stage for you. Sign up now, join the WCTC S7 event, pursue your trading dreams together, and embark on your journey of glory.
Disclaimer
This content does not constitute any invitation, solicitation, or advice. You should always seek independent professional advice before making any investment decision. Please note that Gate.io may restrict or prohibit all or part of its services from restricted areas. 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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