**[Cango's Q3 Revenue Rises 60.6%, BTC Mining Output Exceeds 1,930 Coins]** Odaily Planet Daily News – Cango announced strong third-quarter results on Tuesday, reporting revenue of $224.6 million for the three months ending September 30, a 60.6% increase from the previous quarter. This marks one year since the company’s strategic transformation into a Bitcoin mining enterprise. Revenue from Bitcoin mining operations reached $220.9 million, with operating income of $43.5 million and net income of $37.3 million. Adjusted EBITDA rose to $80.1 million. In the third quarter, Cango mined a total of 1,930.8 BTC, averaging 21 coins per day, a 37.5% increase from the previous quarter. The average total mining cost was $99,383 per BTC, with an average cost excluding depreciation at $81,072 per BTC. As of September 30, Cango had mined a total of 5,810 BTC since entering the sector. Cango’s operational hash rate increased from 40.9 EH/s in July to 44.9 EH/s in September, reaching 46.1 EH/s in October. Cango CEO Paul Yu stated that the company has clarified its long-term strategy, positioning Bitcoin mining as a practical pathway to achieving its energy and AI goals, aiming to build a global distributed AI computing network powered by green energy. (TheBlock)