Cango, a company listed on the New York Stock Exchange: Q1 Bitcoin mining revenue reached 1 billion RMB, producing 1,541 BTC

ChainCatcher news, Cango, a company listed on the New York Stock Exchange, released its unaudited financial performance report for the first quarter of 2025, which disclosed:

1. Total revenue was 1.1 billion RMB (145.2 million USD), of which the Bitcoin mining business generated 1 billion RMB (144.2 million USD) in revenue this quarter;

2. The mining output was 1,541 Bitcoins, with an average mining cost of 70,602.1 USD per Bitcoin.

3. As of March 31, 2025, the total balance of cash and cash equivalents and short-term investments was 2.5 billion RMB (347.4 million USD).