Technology

Cango Inc. Reports Second Quarter 2026 Unaudited Financial Results

Published

2 months ago

August 31, 2026

DALLAS, Aug. 31, 2026 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter of 2026 Financial and Operational Highlights

Financial Performance: Even as the broader mining industry weighed on revenue, the Company continued to advance its diversification strategy through EcoHash’s commercial progress and disciplined cost management. In the second quarter of 2026, the Company generated total revenue of US$50.8 million, primarily driven by US$47.4 million from its Bitcoin mining business. The Company reported a net loss of US$81.6 million, primarily driven by non-cash impairment and disposal losses on the mining machines. As of the end of the period, the Company held 1,056 Bitcoins as digital asset reserves, with long-term debt of US$31.2 million, reflecting an improved balance sheet structure.Mining Operations and Costs: To reinforce its disciplined cost management, the Company continued to actively right-size its mining operations, disposing of machines with lower marginal efficiency and partially executing a leasing model. Total operating hashrate reached 27.58 EH/s, comprising 19.84 EH/s of self-mining capacity and 7.74 EH/s of leased hashrate capacity as of June 30, 2026. During the quarter, the Company mined 656 Bitcoins. The improved fleet mix and disciplined execution drove an approximately 5% sequential reduction in average cash cost per Bitcoin, which declined to US$73,313. The Company also started to selectively execute a hedging strategy to mitigate the impact of price volatility on operations.

Mr. Paul Yu, Chief Executive Officer of Cango, said, “In our Bitcoin mining business, we continue to focus on unit economics rather than scale. At the same time, we continued to deliver on our AI modular build at our LN mining site. The Georgia site completed conversion in early July and the infrastructure is now capable of supporting up to 3 megawatts, with scope for future expansion. Container units have been delivered and installed on site, and GPU hardware has been procured and is arriving in staged batches to support a phased ramp-up. In the future, we intend to pursue two business models. The first is bare-metal GPU hosting, using our infrastructure to offer a standardized deployment environment. The second is colocation, intended to enhance overall infrastructure utilization. Our Georgia site is in the process of onboarding customers, with revenue expected to be recognized in the third quarter. To support customers who require proximity-based deployment, we have begun to operate test nodes in Texas and on the West Coast as part of our phased ramp-up. Looking ahead, we continue to evaluate potential new sites and the possibility of self-build facilities.”

Mr. Simon Tang, Chief Financial Officer of Cango, stated, “During the quarter, we recorded a net loss of US$81.6 million, mainly driven by non-cash impairment and disposal losses on our mining machines. During the quarter, we also launched a Bitcoin hedging program designed to manage our exposure to Bitcoin price volatility and enhance the predictability of operating cash flows. We intend to use hedging strictly as a risk management tool, not for speculative purposes. Related short-term positions are reflected on our balance sheet and will be adjusted as we continue to execute this program in a disciplined manner.”

Second Quarter 2026 Financial Results from Continuing Operations

REVENUES

During the quarter, total revenues were US$50.8 million, including US$47.4 million from Bitcoin mining and US$3.4 million from other revenues. Compared with the first quarter of 2026, total revenue decreased approximately 50%, primarily reflecting the Company’s proactive reduction of operating hashrate as it phased out older, less efficient S19 series mining machines and transitioned some capacity to a hosted leasing model. While this strategic adjustment temporarily impacted top-line revenue, it resulted in lower operating costs and an improved overall cash flow profile.

OPERATING COSTS AND EXPENSES

During the quarter, total operating costs and expenses were US$131.4 million. These costs were primarily associated with the Company’s Bitcoin mining business and the recognition of impairment loss on mining machines, and included the loss from changes in fair value of crypto assets.

Cost of revenue (exclusive of depreciation shown below) was US$50.7 million, down from US$99.6 million in the first quarter of 2026. This was driven by lower electricity and hosting expenses following the hashrate reduction.Depreciation was US$16.9 million, down from US$29.4 million in the first quarter of 2026.General and administrative expenses, including related-party fees, totaled US$8.4 million.Impairment loss from mining machines was US$42.9 million.Loss on disposal of mining machines was US$8.5 million.Loss from changes in fair value of crypto assets was US$4.1 million, compared to a US$151.8 million loss from changes in fair value of crypto assets in the first quarter of 2026. This change is primarily driven by the stabilization and modest recovery in Bitcoin market prices during the quarter and the initial impact of our newly launched Bitcoin hedging program.

LOSS FROM OPERATIONS

Loss from operations in the second quarter of 2026 was US$80.6 million, compared with an operating loss of US$254.4 million in the first quarter of 2026.

NET LOSS FROM CONTINUING OPERATIONS

Net loss from continuing operations in the second quarter of 2026 was US$81.6 million, compared with a net loss of US$261.1 million in the first quarter of 2026. The net loss was mainly driven by non-cash impairment and disposal losses.

ADJUSTED EBITDA

Adjusted EBITDA in the second quarter of 2026 was a loss of US$10.7 million, which included a US$4.1 million loss from changes in fair value of crypto assets, compared with a loss of US$154.1 million in the first quarter of 2026.

BALANCE SHEET

As of June 30, 2026, the Company held:

Cash and cash equivalents of US$10.1 million, compared with US$7.2 million as of March 31, 2026.1,056 BTC in treasury holdings.Mining machines with a net value of US$58.7 million.Long-term debts (related party) of US$31.2 million, compared with US$30.6 million as of March 31, 2026.

Conference Call Information

The Company’s management will hold a conference call on Monday, August 31, 2026, at 9:00 P.M. Eastern Time to discuss the financial results. Listeners may access the call by dialing the following numbers:

International:

+1-412-902-4272

United States Toll Free:

+1-888-346-8982

Mainland China Toll Free:

4001-201-203

Hong Kong, China Toll Free:

800-905-945

Conference ID:

Cango Inc.

The replay will be accessible through September 6, 2026, by dialing the following numbers:

International:

+1-412-317-0088

United States Toll Free:

+1-855-669-9658

Access Code:

8654407

A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.cangoonline.com.

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company’s mining operations span across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.

For more information, please visit: www.cangoonline.com and follow us on: X and LinkedIn.

Use of Non-GAAP Financial Measure

As part of our review of business performance, we present adjusted EBITDA as non-GAAP financial measure to help assess our core operating results. Adjusted EBITDA is defined as net income or loss before interest, taxes, depreciation, and amortization, impairment, results from discontinued operations and further excludes share-based compensation expenses and other non-operating income and expenses. We believe adjusted EBITDA can be an important financial measure because it allows management, investors, and our board of directors to evaluate and compare our operating results, including our return on capital and operating efficiency from period-to-period by making such adjustments.

While adjusted EBITDA is not a measure defined under U.S. GAAP, management uses it to evaluate performance, make strategic decisions, and set operating plans. Management believes it also helps investors gain a clearer understanding of our underlying performance by excluding certain costs and expenses that management believes are not indicative of our core operating results. The presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for results or guidance prepared and presented in accordance with U.S. GAAP.

The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company’s performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.

Reconciliations of Cango’s non-GAAP financial measure to the most comparable U.S. GAAP measure are included at the end of this press release.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this announcement, contain forward-looking statements. Cango may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Cango’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Cango’s goal and strategies; Cango’s expansion plans; the development and commercialization of its AI infrastructure business; the performance and economics of its Bitcoin mining operations; Bitcoin price volatility; Cango’s future business development, financial condition and results of operations; Cango’s expectations regarding demand for, and market acceptance of, its solutions and services; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Cango’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Cango does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

CANGO INC.
UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS
(Amounts in US dollar (“US$”), except for number of shares）

As of December 31, 2025

As of June 30, 2026

US$

ASSETS:

Current assets:

Cash and cash equivalents

41,243,627

10,121,719

Crypto currencies

42,545

12,892,900

Accounts receivable, net

1,661,702

1,818,814

Accounts receivable, net – related parties

1,064,440

–

Prepayments and other current assets, net

6,835,599

54,208,544

Other current assets, net – related party

74,270,770

42,108,750

Total current assets

125,118,683

121,150,727

Non-current assets:

Mining machines, net

248,745,505

58,699,566

Property, plant and equipment, net

18,797,925

22,290,496

Intangible assets, net

292,836

277,744

Operating lease right-of-use assets, net

2,079,937

1,764,239

Receivable for bitcoin collateral, net – non-current – related party

662,968,814

61,485,537

Other non-current assets, net

68,025,983

21,761,273

Other non-current assets, net – related party

6,955,650

Total non-current assets

1,007,866,650

173,234,505

TOTAL ASSETS

1,132,985,333

294,385,232

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current liabilities:

Short-term debts

–

8,032,711

Accrued expenses and other current liabilities

82,329,075

22,954,250

Accrued expenses and other current liabilities – related parties

5,025,566

1,184,368

Income tax payable

88,792,503

88,361,704

Short-term lease liabilities

573,959

559,170

Total current liabilities

176,721,103

121,092,203

Non-current liabilities:

Long-term debts – related party

557,567,671

31,227,904

Deferred tax liability

Long-term operating lease liabilities

1,655,272

1,336,517

Convertible Note

–

9,984,086

Total non-current liabilities

559,222,944

42,548,508

Total liabilities

735,944,047

163,640,711

Shareholders’ equity

Ordinary shares

44,171

49,796

Treasury shares

(103,424,568)

(104,429,322)

Additional paid-in capital

1,135,958,943

1,213,346,273

Accumulated deficit

(635,537,260)

(978,222,226)

Total Cango Inc.’s equity

397,041,286

130,744,521

Total shareholders’ equity

397,041,286

130,744,521

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

1,132,985,333

294,385,232

CANGO INC.
UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF
COMPREHENSIVE INCOME
(Amounts in US dollar (“US$”), except for number of shares)

For three months ended June 30

For six months ended June 30

2025

2026

2025

2026

US$

Revenues

139,836,585

50,780,771

283,990,631

152,781,755

Bitcoin mining income

138,125,669

47,427,558

282,269,981

145,871,438

Other revenues

1,710,916

3,353,213

1,720,650

6,380,443

Other revenues from related parties

–

529,874

Operating cost and expenses:

Cost of revenue (exclusive of depreciation shown below)

112,786,283

50,694,280

225,447,985

150,273,065

Cost of revenue (depreciation)

21,849,482

16,930,355

43,194,326

46,302,554

General and administrative

2,986,487

7,788,237

13,014,756

14,337,583

General and administrative – related parties

–

647,653

–

1,295,306

Provision (Net recovery) for credit losses

920,228

(221,528)

1,209,459

(1,201,281)

Impairment loss from mining machines

256,856,570

42,861,871

256,856,570

91,900,419

(Gain) Loss on changes in fair value of crypto assets

(78,450,881)

4,148,957

(51,715,376)

155,987,387

Loss on disposal of mining machines

–

8,546,085

–

28,853,297

Total operation cost and expense

316,948,169

131,395,910

488,007,720

487,748,330

Loss from operations

(177,111,584)

(80,615,139)

(204,017,089)

(334,966,575)

Interest income

696,981

991,173

2,145

Interest expense

(2,053,009)

–

(3,363,606)

–

Interest expense – related party

–

(597,032)

–

(7,299,899)

Foreign exchange (loss) gain, net

19,702

120

(7,988)

(512)

Other income

114,123

–

226,993

–

Other expense

(78,095)

–

(78,095)

–

Net loss before income taxes

(178,411,882)

(81,212,040)

(206,248,612)

(342,264,841)

Income tax benefit (expenses)

1,581,658

(420,125)

1,150,475

(420,125)

Net loss from continuing operations

(176,830,224)

(81,632,165)

(205,098,137)

(342,684,966)

Discontinued operations:

Loss from discontinued operations

(125,915,027)

–

(129,822,040)

–

Income tax expense

(32,646,978)

–

(32,646,978)

–

Net loss from discontinued operations

(158,562,005)

–

(162,469,018)

–

Net loss attributable to Cango Inc.’s shareholders

(335,392,229)

(81,632,165)

(367,567,155)

(342,684,966)

Losses per ordinary share:

Basic

Discontinued operations

(7.41)

–

(7.70)

–

Continuing operations

(8.26)

(1.99)

(9.73)

(8.91)

Basic

(15.67)

(1.99)

(17.43)

(8.91)

Diluted

Discontinued operations

(7.41)

–

(7.70)

–

Continuing operations

(8.26)

(1.99)

(9.73)

(8.91)

Diluted

(15.67)

(1.99)

(17.43)

(8.91)

Weighted average shares used to compute losses per ordinary share:

Basic

21,408,969

41,021,969

21,084,595

38,455,840

Diluted

21,408,969

41,021,969

21,084,595

38,455,840

Other comprehensive income, net of tax

Release accumulated other comprehensive loss

44,270,340

–

44,270,340

–

Foreign currency translation adjustment

10,583,883

–

5,304,633

–

Total comprehensive loss

(280,538,006)

(81,632,165)

(317,992,182)

(342,684,966)

Total comprehensive loss attributable to Cango Inc.’s shareholders

(280,538,006)

(81,632,165)

(317,992,182)

(342,684,966)

CANGO INC.
RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS
(Amounts in US dollar (“US$”)

For three months ended June 30

For six months ended June 30

2025

2026

2025

2026

(Unaudited)

US$

Net loss

(335,392,229)

(81,632,165)

(367,567,155)

(342,684,966)

Less: Discontinued operations:

Loss from discontinued operations

(125,915,027)

–

(129,822,040)

–

Income tax expense

(32,646,978)

–

(32,646,978)

–

Loss on discontinued operations

(158,562,005)

–

(162,469,018)

–

Net loss from continuing operations

(176,830,224)

(81,632,165)

(205,098,137)

(342,684,966)

Add: Interest expense

2,053,009

597,032

3,363,606

7,299,899

Add: Income tax expenses (benefit)

(1,581,658)

420,125

(1,150,475)

420,125

Add: Depreciation

21,851,200

16,930,355

43,201,199

46,319,358

Cost of revenue

21,849,482

16,930,355

43,194,326

46,302,554

General and administrative

1,718

–

6,873

16,804

Add: Impairment loss from mining machines

256,856,570

42,861,871

256,856,570

91,900,419

Add: Loss on disposal of mining machines

–

8,546,085

–

28,853,297

Add: Other expenses

78,095

–

78,095

Less: Other income

114,123

–

226,993

–

Add: Share-based compensation expenses

152,674

1,553,214

3,697,862

3,089,509

General and administrative

152,674

1,553,214

3,697,862

3,089,509

Non-GAAP adjusted EBITDA

102,465,543

(10,723,483)

100,721,727

(164,802,359)

Non-GAAP adjusted EBITDA attributable to Cango Inc.’s shareholders

102,465,543

(10,723,483)

100,721,727

(164,802,359)

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SOURCE Cango Inc.

Technology

Delta Participates in COP31 and CBD COP17, Supporting Electrification and Biodiversity Conservation

Published

6 minutes ago

November 9, 2026

TAIPEI, Nov. 9, 2026 /PRNewswire/ — Delta marks its 19th consecutive year of participation in the 31st United Nations Climate Change Conference (UNFCCC COP31), which opens today in Antalya, Türkiye. Delta will support the host country’s “35×35” initiative, targeting a 35% electrification goal by 2035, by sharing how smart microgrids accelerate electrification at an official side event. Earlier, at the 17th Conference of the Parties to the Convention on Biological Diversity (CBD COP17) in late October, Delta partnered with the International Union for Conservation of Nature (IUCN) to showcase the world’s first application of the Species Threat Abatement and Restoration (STAR) metric for coral restoration and conservation assessment. Through international collaboration, Delta addresses climate mitigation and adaptation challenges with technological innovation and ecosystem restoration.

Shan-Shan Guo, Vice Chairperson of the Delta Electronics Foundation, said, “As global electrification accelerates and AI drives growing electricity demand, Delta leverages its core technologies to improve energy efficiency and resilience through microgrids and smart energy management, support electrification, and help AI data centers increase their use of clean energy. As Delta celebrates its 55th anniversary, we are participating in international climate conferences under the theme ‘Smarter is Greener.’ At COP31, our EMEA leadership and Foundation colleagues will engage with international thought leaders at official side events and the France Pavilion. We also shared our coral restoration experience and achievements at CBD COP17. Through innovative technology, we hope to collaborate with climate partners and move forward toward a more sustainable future.”

During COP31, Delta will host its 9th official side event in the Blue Zone, joining the Association for Renewable Energy and Clean Technology (REA) and the German Federal Environmental Foundation (DBU) to exchange insights on microgrid applications. Delta will also share its experience deploying microgrids in Indigenous communities to strengthen disaster resilience. In 2025, renewable electricity accounted for 91% of Delta’s global electricity consumption, and Delta achieved its RE100 target in 32 countries.

Delta Presents World-Leading Coral Restoration Experience at CBD COP17

Wim Chang, CEO of the Delta Electronics Foundation, said, “Delta combines technology with coral restoration and conservation, aiming to preserve more than half of the coral species in the Pacific Ocean by 2030. This year, in partnership with IUCN, we became the first globally to apply the STAR metric to coral reef areas where Delta conducts restoration. By scientifically quantifying threats to species survival, we aim to make conservation outcomes more measurable and credible.”

Nicholas Macfarlane, Head of Conservation Science and Technology at IUCN, said, “We are delighted to have partnered with Delta on the world’s first application of the marine STAR metric. This collaboration demonstrates the potential of corporate and scientific partnerships, and we look forward to advancing marine biodiversity through innovative, measurable conservation strategies.”

At CBD COP17 in late October, Delta presented its research at the Nature Pavilion, a flagship venue hosted by IUCN. This year, Delta applied the STAR methodology to coral reef areas in Kenting, Taiwan, and calibrated the results against IUCN’s global database, aligning its restoration methodology with international standards.

Delta also invited Professor David Obura, lead author of the coral chapter of the IUCN Red List of Threatened Species, to a side event at the Ocean Pavilion. Together with international organizations including the UK’s Plymouth Marine Laboratory (PML) and the International Coral Reef Society (ICRS), participants discussed ways to strengthen coral reef resilience.

From biodiversity conservation to electrification goals, leveraging scientific research and technological innovation to address global environmental challenges remains a core focus for the United Nations. To help the international community combat climate change and biodiversity loss, Delta has participated in two COP summits 22 times, and hosted or been invited to 43 side events to date.

ABOUT DELTA

Delta, founded in 1971, and listed on the Taiwan Stock Exchange (code:2308), is a global leader in switching power supplies and thermal management products with a thriving portfolio of IoT-based smart energy-saving systems and solutions in the fields of industrial automation, building automation, telecom power, data center infrastructure, EV charging, renewable energy, energy storage and display, to nurture the development of smart manufacturing and sustainable cities. As a world-class corporate citizen guided by its mission statement, “To provide innovative, clean and energy-efficient solutions for a better tomorrow,” Delta leverages its core competence in high-efficiency power electronics and its ESG-embedded business model to address key environmental issues, such as climate change. Delta serves customers through its sales offices, R&D centers and manufacturing facilities spread over close to 200 locations across 5 continents.

Throughout its history, Delta has received various global awards and recognition for its business achievements, innovative technologies and dedication to ESG. Since 2011, Delta has been listed on the Dow Jones Best-in-Class World Index (formerly the DJSI World Index of Dow Jones Sustainability™ Indices) for 15 consecutive years. Delta has also won CDP with double A List for 4 times for its substantial contribution to climate change and water security issues and has been named Supplier Engagement Leader for its continuous development of a sustainable value chain for 8 consecutive years.

For detailed information about Delta, please visit: www.deltaww.com

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SOURCE Delta

Technology

China, Europe and Africa Explore New Paths for Green Energy Cooperation

Published

6 minutes ago

November 9, 2026

WENZHOU, China, Nov. 9, 2026 /PRNewswire/ — Under the theme “Deepen Green Partnerships, Build a Shared Zero-Carbon Future”, the 2026 China-Europe-Africa Green Energy Development Forum was held in Zhejiang, China. The forum was organized by the CPAFFC and the China-EU Association, with the Commonweal Foundation of CHINT and StarTimes Group serving as co-organizers.

The forum aimed to strengthen collaboration among China, Europe, and Africa in the renewable energy sector, while fostering joint efforts to advance the global energy transition and address the challenges posed by climate change.

Discussions focused on key issues, including cross-regional industrial cooperation amid the new global climate governance landscape, innovative green finance for developing countries, technological innovation and digital transformation, and global green value chain development.

Forum participants and experts emphasized the significant potential for China, Europe and Africa to work together on the green transition. Stronger cross-regional partnerships can help address climate challenges, support global economic stability and extend the benefits of green development to more countries and communities.

They also stressed the need for greater coordination on technical standards, certification and carbon markets, alongside innovative financing mechanisms. Expanding access to small-scale solar solutions, promoting ecological restoration and strengthening international cooperation were also identified as important steps towards improving energy access and accelerating Africa’s green transition.

Against the backdrop of evolving global climate governance, the forum explored ways to strengthen industrial cooperation by building on the complementary strengths of the three regions. These include China’s established green energy solutions, Africa’s abundant energy resources, and Europe’s market expertise and technological capabilities.

At the business level, companies are increasingly turning these complementary strengths into practical partnerships. CHINT, a trusted provider of integrated power and energy solutions, has established smart manufacturing facilities, and delivered solar and energy storage projects worldwide. In Africa, its affordable solar solutions for off-grid and weak-grid areas are bringing reliable, clean electricity to remote communities.

The forum also served as a platform for cross-regional dialogue, business exchange and partnership building, creating opportunities to turn shared ambitions into tangible initiatives.

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Technology

Telespazio Partners with Rivada for Secure Connectivity

Published

6 minutes ago

November 9, 2026

The Outernet’s backbone in space brings an unparalleled level of security to government & enterprise communications

Outernet is a constellation of 600 ultra-secure, networked low-earth orbit satellitesCombining the speed of fiber with the reach of satelliteOrbital mesh network with no terrestrial gateways ensures security by design

MUNICH, Nov. 9, 2026 /PRNewswire/ — Rivada Space Networks is partnering with Telespazio, a 67/33 joint venture between Leonardo and Thales, through its subsidiary Telespazio Brasil, to provide a unique next generation connectivity network with the necessary security and performance to drive digital innovation and transformation. Rivada has now lined up over $US 20 billion of business globally for its unique LEO network.

Telespazio Brasil S.A. the Brazilian subsidiary of Telespazio has operated in the country since 1997 and is headquartered in Rio de Janeiro. It is a leading provider of satellite communications, earth observation, and satellite ground systems services for both government and enterprise customers across Brazil, Argentina, Chile, Colombia, Costa Rica and Peru.

In Latin America, sovereign communications and critical infrastructure resilience are increasingly key requirements to support military, government and high-end enterprise connectivity. Telespazio Brazil, is a long-established and trusted provider of tailored communications solutions for business applications, mission-critical operations and network expansion for governments, defense organizations, energy companies and telecom operators across Latin America. And with the increasing demand to move large quantities of data securely and quickly around the world placing existing digital infrastructure under greater pressure than ever, organisations in banking, security, defense and telecommunications are looking for innovative and future-forward networking technologies that are secure, fast and reliable.

As the first unified global communications network, Rivada’s Outernet is transformative. A global low-latency point-to-point network of 600 low earth orbit (LEO) satellites, it is a unique next-generation constellation combining inter-satellite laser links with advanced onboard processing and routing to create a ubiquitous optical mesh network in space. This “orbital network,” in which data stays in space from origin to destination, creates an ultra-secure satellite network with pole-to-pole coverage, offering end-to-end latencies much lower than terrestrial fiber over long distances. And by routing traffic on a physically separated network in space, it provides a layer of defense for any organization that needs to share data securely between widely distributed sites.

Marzio Laurenti CEO of Telespazio Brasil said: “Rivada is building a uniquely capable LEO constellation with a new level of cybersecurity for the enterprise and government sectors. By establishing a highly secure global communications infrastructure in space, the Outernet’s fast, seamless and secure connectivity will ramp up network performance and enable true digital transformation and new business opportunities through multi-gigabit bi-directional performance, combined with worldwide reach”.

Declan Ganley, CEO, Rivada Space Networks, said: “We are delighted to be working with Telespazio to enhance their ability to provide data security and data sovereignty. The space domain now plays a critical role in securing network infrastructure and addressing rising cybersecurity issues. With the Outernet’s unique architecture, satellites become routers in the sky and space now provides secure, high-performance data transport instead of merely providing the last hop to the internet. The future is not just more satellites. It is true orbital networks that offer more than the “gap-filler” LEO systems which bridge the last mile between the satellite and the nearest terrestrial gateway. Our unique gateway-free architecture redefines connectivity in terms of security, latency, capacity, efficiency, and coverage. “

Telespazio will join Rivada’s Customer Advisory Board and conduct a series of technical workshops to structure the collaboration and exchange information on the Outernet’s capabilities.

About Rivada Space Networks
Rivada Space Networks GmbH is deploying the first true “Outernet”: a global, low-latency, point-to-point connectivity network of LEO satellites. By connecting its satellites with lasers, Rivada will provide resellers and B2B customers with the ability to securely connect any two points on the globe with low latency and high bandwidth. The constellation, comprising 600 low-earth-orbit communications satellites, will represent a fundamental change in the availability of secure, global, end-to-end enterprise-grade connectivity for Telecom, Enterprise, Maritime, Energy and Government Services markets. The Outernet is being built using Rivada’s German filings for high-priority Ka-band spectrum, called Outernet-1. Rivada Space Networks is a wholly owned subsidiary of Rivada Networks, Inc. www.rivadaspace.com 

Follow Rivada Space Networks on: 
LinkedIn: https://www.linkedin.com/company/rivada-space/
Twitter: @rivadaspace 

Media Contacts
Melanie Dickie, Chief Marketing & Communication Officer
Rivada Space Networks GmbH
Tel: +31 6 14 22 97 62
Email: mdickie@rivadaspace.com

Brian Carney, SVP Corporate Communications
Rivada Networks, Inc
Tel: +1 (207) 256-0386
Email: bcarney@rivada.com

About Telespazio

Telespazio, a Leonardo and Thales 67:33 joint venture, is one of the world’s leading operators in space services. Its activities range from the design and development of space systems to the management of launch services and in-orbit satellite control, from Earth observation, integrated communications, satellite navigation and localisation services to scientific programmes. The company plays a leading role in the reference markets, supported by its infrastructure and the technological experience acquired in 65 years of activity, which include participation in space programmes such as Galileo, EGNOS, Copernicus, COSMO-SkyMed and Moonlight. Telespazio, which is Thales Alenia Space’s partner in the “Space Alliance”, generated sales of €850 million in 2025 while employing 3,500 people in 16 different countries.

Media Contact
Beatriz Villanueva
Telespazio Brasil S.A.
Tel: +55 (21) 98861-1155
Email: beatriz.villanueva@telespazio.com

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SOURCE Rivada Space Networks