Swan Chain announces TGE to accelerate the future development of decentralized AI

By: blockbeats|2024/12/16 19:00:01

Swan Chain, the leading AI blockchain infrastructure, officially announced the Token Generation Event (TGE) and public listing plan of its native token SWAN. SWAN aims to promote the development of Swan Chain's decentralized AI and Web3 ecosystem and will be listed on multiple cryptocurrency exchanges including Gate, MEXC, LBank, and Hotcoin from December 16.

Democratizing the Future: The Power of Community Governance

Swan Chain announces TGE to accelerate the future development of decentralized AI

The launch of SWAN marks a turning point for Swan Chain, increasing user engagement and governance in the fields of AI and Web3. As a governance token, SWAN empowers a diverse committee of stakeholders - token holders, developers, and builders - to make decisions through a transparent voting process.

Community members can submit proposals for protocol upgrades or budget allocations, ensuring that everyone has a say. All votes and transactions are recorded on a public ledger, promoting full transparency. Users can participate through forums and town halls, while educational programs empower informed decision-making.

Value Engine: SWAN’s Multi-Dimensional Empowerment

SWAN’s practical features include:

· Voting Rights:Influence network decisions based on token holdings.

· Usage Rewards:Computation and storage providers earn SWAN based on the quantity and quality of their contributions.

· Incentives:Get rewards for participating in governance and community initiatives.

Swan Chain founder Charles Cao said: "SWAN tokens are at the core of our vision to democratize AI development and create an accessible decentralized ecosystem. We believe that by providing developers and enterprises with the tools to unlock the potential of Web3, we can shape the future of AI adoption at scale.

Token Economics: Precision Design, Fair Distribution

Token Generation Event Distribution Details

Early Buyers (1.80%)

· 18,000,000 tokens

· Purpose: To reward early backers who contributed to the initial development and financing of Swan Chain.

DAO Treasury (2%)

· 20,000,000 tokens

· Purpose: To manage network operations, fund governance initiatives, and support strategic investments.

Ecosystem Fund (4%)

· 40,000,000 tokens

· Purpose: Drive developer grants, partnerships, and ecosystem expansion, fostering innovation and community engagement.

Core Contributors (0%)

· 0 tokens

· Purpose: Tokens reserved for contributors will be unlocked after the Token Generation Event, ensuring alignment with long-term goals.

Airdrop (2%)

· 20,000,000 tokens

· Purpose: Incentivize early adopters, guide community growth, and encourage user participation.

Strategic Supporters: Global Top Capital Bet

Swan Chain has established an important position in the field of decentralized AI computing and has been supported by well-known investors and foundations in the industry.

Investor Camp

Swan Chain brings together leading investors in the blockchain and technology fields, including Binance Labs, Protocol Labs, Chainlink Labs, Outlier Ventures, and SNZ Capital, demonstrating confidence in the vision of integrating AI and blockchain technologies.

Strategic Grants

Swan Chain has received grants from the Optimism Foundation and the Filecoin Foundation, which not only provide financial support, but also confirm the innovative value of Swan Chain in the field of decentralized infrastructure and demonstrate its high degree of alignment with the goals of the main Web3 ecosystem.

Listing Information

Following the Token Generation Event, SWAN will be listed on Gate, Mexc, and other leading cryptocurrency exchanges, providing global liquidity and market access to Swan Chain’s growing community. The public sale of SWAN marks a pivotal moment in Swan Chain’s journey, perfectly aligning with the platform’s continued expansion and upcoming roadmap milestones.

AI’s Hidden Crisis: A Revolutionary Solution to Break the Computing Monopoly

In today’s AI-driven world, researchers and engineers are constantly pushing the limits of what machines are capable of. But despite AI’s incredible potential, significant barriers exist that impede progress, especially when it comes to the technology that powers AI — GPUs.

Imagine an AI model that transforms industries. But to realize this vision, the engine behind it—GPUs—face three major obstacles:

· High Cost:High-performance GPUs like the NVIDIA A100 or H100 are extremely expensive, making them difficult for small and medium-sized companies and independent developers to access. Add in the cost of cooling systems and electricity, and AI development becomes prohibitively expensive—a price that only the largest players can afford.

· Low GPU Utilization:Amid these challenges lies a hidden but significant inefficiency—the vast underutilization of existing GPU resources. Many organizations and individuals have idle GPUs, often from older models or intermittent use, that remain untapped. These dormant GPUs could be put to use for AI workloads, enabling faster and more cost-effective AI development. However, without a platform to consolidate and redistribute this underutilized computing power, this potential is wasted.

Disruptive Innovation: How Swan Chain Reshapes the AI Computing Ecosystem

Swan Chain tackles industry pain points head-on by combining AI with the power of blockchain and decentralization. This is a quiet revolution that revolutionizes AI infrastructure.

Think of it as a decentralized network where you can contribute unused computing power and storage assets to help build AI, whether you are an experienced developer or a novice. By integrating DePIN into AI development, Swan Chain significantly reduces costs and makes AI more accessible to organizations of all sizes.

This not only reduces expenses, but also rewards participants with SWAN tokens, creating a community-driven ecosystem. With the SWAN token at its core, Swan Chain is leading the wave of decentralized AI, providing scalable and cost-effective solutions that make AI development both safe and valuable.

The Future Is Now: Decentralized AI Democracy

With Swan Chain, the era of exclusive access to AI innovation is coming to an end. By decentralizing the infrastructure required for AI, Swan Chain enables compute providers to play a key role in reshaping the future of AI development - a future that will be more sustainable, efficient, and inclusive.

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This article comes from a contribution 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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