**[Cango Q3 Revenue Reaches $225 Million, Bitcoin Mining Income Accounts for Nearly 99%]** Odaily Planet Daily News – Cango (NYSE: CANG) announced its unaudited financial results for the third quarter of 2025, reporting quarterly revenue of $224.6 million, a quarter-over-quarter increase of 60.6%. Bitcoin mining operations contributed $220.9 million to the revenue. The company recorded operating profit of $43.5 million, net profit of $37.3 million, and adjusted EBITDA of $80.1 million. During the third quarter, the average hash rate increased from 40.91 EH/s in July to 44.85 EH/s in September, and further rose to 46.09 EH/s in October. A total of 1,930.8 BTC were mined during the quarter, representing a production increase of over 37% compared to the previous quarter. The company stated that improvements in miner migration, operational optimization, and hardware upgrades drove efficiency gains, with the average cost per BTC (excluding depreciation) at approximately $81,072 and the total cost at around $99,383. As of the end of the third quarter, the company had mined a cumulative total of 5,810 BTC. Cango also completed its transition from ADR to direct listing on the New York Stock Exchange to optimize its capital structure and enhance transparency. Management stated that the company has expanded its focus from Bitcoin mining to a long-term strategy of "Energy + AI Computing Power," and is globally deploying green energy-driven data centers and AI computing networks. In the short term, the company plans to provide GPU computing power leasing through a light-asset model. In the medium term, it aims to build regional data centers and deliver low-latency inference services. Its long-term goal is to establish a globally distributed AI computing network. The company also disclosed that as of the end of September, it held $44.9 million in cash.