Cango2025Q3 Financial Report: One Year of Transitioning to a Mining Company, Revenue Increased by 60.6% Quarter-on-Quarter, Laying out a New Track for AI Computing Power

On December 2nd, in the third quarter of 2025, Cango achieved total revenue of $225.00 million (a 60.6% increase compared to the previous quarter), operating profit of $43.50 million, and net profit of $37.32 million, achieving a significant year-on-year leap from loss to profit.

As a one-year milestone in the strategic transformation into a Bitcoin mining company, Cango's global deployed computing power reached 50 EH/s, ranking among the leading echelons in the industry. In the third quarter, a total of 1930.8 Bitcoins were produced (a 37.5% increase compared to the previous quarter), with an average daily output of 21 Bitcoins and a total cost of $99,383.00 per Bitcoin. Through equipment upgrades (introducing the T21/S21 series) and the acquisition of a 50 MW mine in Georgia, the computing power efficiency exceeded 90%, and the operating computing power further increased to 46.09 EH/s in October.

In terms of AI computing power, the long-term direction of a "green energy-driven global distributed AI computing power network" has been clarified. Relying on distributed operation experience and global energy layout, a standardized GPU computing power resource pool will be built, focusing on the differentiated needs of small and medium-sized enterprises. Furthermore, pilot new energy projects in Oman and Indonesia have been launched and are expected to be implemented within 1-2 years.

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