NYSE-listed Cango released its unaudited financial results for Quarter 1 2025, which disclosed:
1. Total revenue was 1.10 billion RMB (145.20 million USD), of which the Bitcoin mining business generated 1 billion RMB (144.20 million USD) in revenue this quarter;
The mining output was 1,541 bitcoins, and the average mining cost was $70,602.1 per bitcoin.
The total balance of cash and cash equivalents and short-term investments as of March 31, 2025 was RMB 2.50 billion (USD 347.40 million).
NYSE-listed company Cango: Q1 bitcoin mining revenue reached 1 billion yuan, generating 1541 BTC
2025-05-15 03:27:49
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