Cango cuts long-term debt by 94% and launches EcoHash pilots as AI pivot tunes out non-cash losses

Cango Inc (NYSE: CANG) has released the unaudited results of its financial statement for the first quarter of 2026, and it reported a net loss of $261.1 million. However, most of these losses came as a result of non-cash charges. The company also reported that it has wiped out its balance-sheet debt…