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Cango: Q1 Bitcoin mining business revenue was approximately $144.2 million, with a mining cost of $70,602.1 per coin.
According to Wu, Cango, a company listed on the NYSE, announced its Q1 2025 financial report, with revenue reaching 1.1 billion yuan (145.2 million USD), of which the Bitcoin mining business contributed 1 billion yuan (144.2 million USD), producing a total of 1,541 Bitcoins at an average cost of 70,602 USD per coin. As of March 31, the company held a total of 2.5 billion yuan (347.4 million USD) in cash and short-term investments.