Cango: Q1 mining produced 1541 bitcoins
2025-05-15 11:58:03
NYSE-listed Cango released its unaudited financial results for Quarter 1 2025, which disclosed:
Total revenue was 1.10 billion RMB (145.20 million USD), of which Bitcoin mining generated $144.20 million revenue in the 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 at 31 March 2025 was $347.40 million.
Total revenue was 1.10 billion RMB (145.20 million USD), of which Bitcoin mining generated $144.20 million revenue in the 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 at 31 March 2025 was $347.40 million.
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