According to Mars Finance, 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 of 1.1 billion RMB (145.2 million USD), of which the Bitcoin mining business generated revenue of 1 billion RMB (144.2 million USD) this quarter; 2. Mining output of 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).
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According to Mars Finance, 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 of 1.1 billion RMB (145.2 million USD), of which the Bitcoin mining business generated revenue of 1 billion RMB (144.2 million USD) this quarter; 2. Mining output of 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).