**[Cango 2025 Q3 Financial Report: One-Year Anniversary of Transition to Mining Company, Revenue Up 60.6% QoQ, Expanding into AI Computing Power Sector]** BlockBeats News, December 2: In the third quarter of 2025, Cango achieved total revenue of $225 million (up 60.6% QoQ), operating profit of $43.5 million, and net profit of $37.32 million, marking a significant turnaround from loss to profit year-over-year. As a milestone marking the one-year anniversary of its strategic transition to a Bitcoin mining company, Cango's global deployed computing power reached 50 EH/s, placing it among the industry's leading ranks. In Q3, the company mined a total of 1,930.8 Bitcoins (up 37.5% QoQ), with an average daily production of 21 Bitcoins and an all-in cost per Bitcoin of $99,383. Through equipment upgrades (introducing the T21/S21 series) and the acquisition of a 50 MW mining facility in Georgia, the efficiency of its computing power exceeded 90%. In October, operational computing power further increased to 46.09 EH/s. In terms of AI computing power, Cango has clarified its long-term direction of building a "green energy-driven global distributed AI computing power network." Leveraging its experience in distributed operations and global energy deployment, the company aims to create a standardized GPU computing resource pool, focusing on the differentiated needs of small and medium-sized enterprises. Additionally, it has launched pilot projects for renewable energy in Oman and Indonesia, with implementation expected within 1–2 years.