Cango 2025 Q3 Financial Report: One Year Since the Transformation to a Mining Company, Revenue Increased by 60.6% Compared to the Previous Quarter, Layout of AI Computing Power New Track

According to Mars Finance, on December 2, in the third quarter of 2025, Cango achieved total revenue of $225 million (a quarter-on-quarter rise of 60.6%), operating profit of $43.5 million, and net profit of $37.32 million, marking a significant leap from loss to profit year-on-year. As a milestone in the strategic transformation of the Bitcoin mining company, Cango's global deployed computing power reached 50 EH/s, placing it among the industry leaders. In the third quarter, a total of 1,930.8 Bitcoins were mined (a quarter-on-quarter increase of 37.5%), with an average daily output of 21 coins, and the total cost for a single Bitcoin was $99,383. By upgrading equipment (introducing the T21/S21 series) and acquiring a 50-megawatt mining farm in Georgia, the efficiency of computing power exceeded 90%, with operational computing power further increasing to 46.09 EH/s in October. In terms of AI computing power, a long-term direction of “green energy-driven global distributed AI computing power network” has been clarified, leveraging distributed operational experience and global energy layout to build a standardized GPU computing resource pool, focusing on the differentiated needs of small and medium-sized enterprises. Additionally, pilot projects for new energy in Oman and Indonesia have been launched, expected to be implemented within 1-2 years.