Cango: Q3 mining output was 1,930.8 BTC, with mining business revenue exceeding $220.00 million

US-listed mining company Cango Inc. ($CANG) announced its third-quarter results: quarterly revenue of $224.60 million, of which Bitcoin mining revenue accounted for $220.90 million.

A total of 1,930.8 $BTC were mined in the third quarter, with an average of 21 $BTC per day; the average mining cost was $81,000.0 per $BTC, and the total cost was $99,400.0 per BTC.

The company achieved an operating profit of $43.50 million, a net profit of $37.30 million, and an adjusted EBITDA of $80.10 million this quarter.

[Wu Blockchain]