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WEEX Global Journey 2025: From TOKEN2049 to CCCC
From TOKEN2049 to CCCC, Witness Every Step of WEEX's Global Expansion
From Asia to Europe, from the Middle East to South America, WEEX’s footprint spans across the world. As an active participant and sponsor in the blockchain industry, we continue to appear on top global stages. Below, you’ll find our upcoming event schedule and a look back at the highlights from this year and beyond.
Upcoming WEEX Events
1）Sep 5, 2025 | Web3 Builders Summit · Community Innovation in Taiwan
MRBLOCK SUMMIT 2025
· Location: Syntrend Creative Park, Taipei, Taiwan
2）Sep 22, 2025 | Exclusive Insights · WEEX Community Night in Seoul
WEEX Insights of Korea Blockchain Party
· Location: Merry Garden Gangnam, Seoul, Korea
· Luma: https://lu.ma/e2xkhj4n
3）Oct 1–2, 2025 | Global Top Blockchain Summit · Platinum Sponsor
TOKEN2049·Sinapore
· Location: Singapore
· Sponsorship Level: Platinum Sponsor
4）Oct 28–29, 2025 | World's Leading Crypto Forum · Connecting MENA Community
Blockchain Life 2025
· Location: Dubai, UAE
· Sponsorship Level: Platinum Sponsor
5）Nov 14–16, 2025 | Gathering of Crypto Creators · WEEX Leading in Creativity
CCCC 2025 Lisbon
· Location: Lisbon, Portugal
2025 Events Highlights
1）Sep 4–6, 2025 | Onboard AI · Unfold Crypto Innovation with WEEX
Taipei Blockchain Week
· Location: Taipei
· Sponsorship Level: Silver Sponsor
Taipei Blockchain Week welcomed 10,000+ participants, marking it as one of Asia’s top Web3 events. WEEX joined as a Silver Sponsor, showcasing its strong presence through panels, branding, and community engagement, while highlighting its liquidity advantages and global growth strategy.
2）Sep 3–4, 2025 | Web3 Innovation & Networking · WEEX at Germany’s Premier Blockchain Gala
CONF3RENCE Dortmund Welcome Gala
· Location: Dortmund, Germany · Signal Iduna Park
CONF3RENCE Dortmund Welcome Gala 2025 in Germany brought together leading innovators, investors, and Web3 builders for two days of high-level networking and blockchain discussions. As a distinguished participant, WEEX showcased its brand presence on Germany’s premier stage, engaging with key industry leaders and strengthening ties with the European crypto community.
3）Aug 17–18, 2025 | Global Web3 Gathering ·WEEX in Russia
0xConnect Fest
· Location: Saint Petersburg, Russia
0xConnect Fest 2025 in Saint Petersburg gathered over 1,500 Web3 enthusiasts and 300+ creators from across the globe. As a key participant, WEEX stood out with strong brand visibility and authentic community engagement, where our presence and activities received highly positive feedback.
4）Aug 5–7 , 2025 | LATAM Largest Crypto Event · WEEX Shone in Rio
Blockchain .RIO 2025
· Sponsorship Level: Platinum Sponsor
· Location: Brazil
With 12,000 participants from over 100 countries, BlockchainRIO 2025 was one of Latin America’s largest blockchain gatherings. As Platinum Sponsor, WEEX gained strong brand exposure, while our booth and exclusive giveaways attracted high engagement and positive feedback.
5）Aug 2, 2025 | WEEX VIP Meetup · Exclusive Elite Networking
The WEEX Alpha Dinner
· Location: Sheraton Hanoi Hotel, West Hanoi, Vietnam
· VIP Meetup (~30 attendees)
The WEEX Alpha Dinner in Hanoi was an exclusive VIP meetup designed for builders, investors, and Web3 leaders. With ~30 elite attendees, the event fostered deep discussions on blockchain innovation. WEEX’s premium experience and curated networking made the dinner one of the most memorable highlights for Vietnam’s crypto community
6）Jul 30, 2025 | Summer Celebration · 100+ Attendees in Moscow
WEEX Signature Summer Night
· Location: Hawaii House, Moscow, Russia
· VIP Meetup (~100 attendees)
Hosted at Hawaii House in Moscow, the WEEX Signature Summer Night gathered more than 100 blockchain professionals and enthusiasts. The vibrant summer party featured lively discussions, networking, and WEEX’s exclusive giveaways, which drew strong engagement and boosted brand visibility in the CIS crypto scene.
7）Jul 30, 2025 | Crypto Culture · ETH Bday Edition
Crypto Drinks – Amsterdam x ETH Bday Edition
· Location: NFT Playground, Amsterdam, Netherlands
As part of the ETH Birthday celebrations, Crypto Drinks in Amsterdam brought together developers, investors, and crypto natives in a cultural exchange setting. While not a large-scale conference, the event gave WEEX a unique stage for community exposure, with branded gifts and interactive sessions leaving a lasting impression on attendees.
8）Jun 27, 2025 | Elite Networking · MENA Crypto Community
WEEX Crypto Elite Party
· Location: Turkey
· VIP Meetup (~150 attendees)
The WEEX Crypto Elite Party in Turkey welcomed ~150 participants, including local opinion leaders and Web3 builders. Designed as a high-level networking event, it showcased WEEX’s dedication to the MENA market. Exclusive merchandise and interactive experiences made WEEX one of the most talked-about names of the evening.
9）Apr 30 – May 1 , 2025 | Global Top Blockchain Summit · Platinum Sponsor
TOKEN2049 Dubai
· Sponsorship Level: Platinum Sponsor
· Location: Dubai, UAE
TOKEN2049 Dubai 2025 attracted 15,000+ participants from 160+ countries, confirming its position as one of the world’s largest crypto conferences. As Platinum Sponsor, WEEX secured significant visibility and strong engagement, with our booth and giveaways drawing heavy crowds throughout the event.
10） Apr 23–24, 2025 | Unleashing Blockchain Innovation · WEEX Stole the Show
Blockchain Forum 2025
· Sponsorship Level: Gold Sponsor
· Location: Moscow, Russia
Blockchain Forum 2025 set a new record with 15,600 participants in attendance. As Gold Sponsor, WEEX gained strong visibility and engagement, further strengthening its global brand presence.
11）Feb 18–20, 2025 | Top Blockchain Conference in Hong Kong · WEEX Empowering AI
Consensus HK 2025
· Sponsorship Level: 2-block Sponsor
· Location: Hong Kong, China
Consensus Hong Kong 2025, the first full-scale Consensus held outside the U.S., attracted 8,000 participants, including 6,000 international visitors. As 2-block Sponsor, WEEX gained global exposure and reinforced its role in driving conversations around blockchain, digital assets, and Web3 innovation.
2024 Events Highlights
1）Nov 8–10, 2024 | Redefining Wealth Creation · Big Step in MENA Expansion
CCCC Dubai
· Sponsorship Level: Silver Sponsor
· Location: Dubai, UAE
CCCC Dubai 2024 gathered thousands of creators, builders, and crypto enthusiasts, becoming one of the region’s most dynamic Web3 events. As Platinum Sponsor, WEEX gained significant brand exposure, while our booth and giveaways were warmly welcomed by attendees.
2）Sep 18–19, 2024 | Global Expansion · Starting From SEA
TOKEN2049 Singapore
· Sponsorship Level:
· Location: Singapore
TOKEN2049 Singapore 2024 attracted 20,000+ participants and featured 500+ side events, making it one of the most influential Web3 gatherings worldwide. As Platinum Sponsor, WEEX achieved strong brand exposure and high engagement throughout the conference.
Join Us on the Next WEEX Adventure
This year, WEEX measured the world with our footsteps and earned trust through action. Whether you’re a trader, developer, or industry observer, we look forward to meeting you at our next stop.
Be Part of What’s Next！ Register Now
Follow WEEX on social media:
· Instagram: @WEEX_Exchange
· X: @WEEX_Official
· Tiktok: @weex_global
· Youtube: @WEEX_Global
· Telegram: WeexGlobal Group
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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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