PANews
PANews|Dec 02, 2025 03:35
[Cango Q3 Revenue Reaches $225 Million, 1,930.8 BTC Mined in the Quarter] According to the Q3 2025 financial report released by Cango (NYSE: CANG), the company achieved revenue of $225 million, with Bitcoin mining accounting for 98.4% of the total. Net profit was $37.3 million, and adjusted EBITDA reached $80.1 million. A total of 1,930.8 BTC were mined during the quarter, with an all-in cost per BTC of approximately $99,400. As of the end of September, the company had cumulatively produced 5,810 BTC. Cango also announced plans to expand from Bitcoin mining into the development of a global green AI computing power network, with energy projects already launched in Oman and Indonesia.
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