Cango: Q1 Bitcoin mining revenue was approximately $144.2 million, with a mining cost of $70,602.1 per coin

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NYSE-listed company Cango released its Q1 2025 financial report, with revenue reaching 1.1 billion yuan (USD 145.2 million), of which bitcoin mining business contributed 1 billion yuan (USD 144.2 million), producing a total of 1,541 bitcoins at an average cost of USD 70,602 per bitcoin. As of March 31, the company's total cash and short-term investments were 2.5 billion yuan (USD 347.4 million).

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