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DALLAS, Dec. 2, 2025 /PRNewswire/ — On December 1, Cango Inc. (NYSE: CANG) (“Cango” or the “Firm”) introduced its unaudited monetary outcomes for the third quarter ended September 30, 2025.
Third Quarter 2025 Monetary and Operational Highlights
- Complete revenues had been US$224.6 million within the third quarter of 2025, a rise of 60.6% in contrast with the second quarter of 2025. Income from the bitcoin mining enterprise within the third quarter of 2025 was US$220.9 million.
- Working earnings was US$43.5 million and web earnings was US$37.3 million over the interval. Adjusted EBITDA for the third quarter of 2025 was US$80.1 million.
- Common working hashrate elevated steadily from 40.91 EH/s in July to 44.85 EH/s in September and additional improved to 46.09 EH/s in October, with effectivity surpassing 90%. This was primarily on account of mining facility relocations, operational enhancements and miner {hardware} upgrades.
- A complete of 1,930.8 BTC was mined over the third quarter, averaging 21.0 BTC per day, up 37.5% in whole output and 36.0% in each day manufacturing in contrast with the second quarter of 2025. Common price to mine, excluding depreciation of mining machines, was US$81,072 per BTC, with all-in prices of US$99,383 per BTC. As of the top of September 2025, the Firm had mined 5,810 BTC since coming into the bitcoin mining trade.
- The Firm accomplished the termination of its ADR program and transitioned to a direct itemizing on the NYSE to optimize its capital construction, improve company transparency, and align with its strategic focus.
Mr. Paul Yu, Chief Government Officer of Cango, stated, “This quarter marks a major milestone. It’s been one yr since our strategic transformation right into a bitcoin miner. Through the third quarter, we remained centered on our core mining operations, additional strengthening Cango’s place as a scaled and operationally disciplined bitcoin miner. Particularly, we mined 1,930.8 BTC, averaging 21.0 BTC per day. Whereas consolidating our core enterprise, we additionally clarified our long-term technique: constructing a worldwide, distributed AI compute community powered by inexperienced vitality, with bitcoin mining as the sensible on-ramp towards our vitality and compute ambitions. Within the close to time period, we are going to proceed to carefully monitor market dynamics, handle our deployed output, and discover partnership fashions to mitigate market dangers and improve working stability.”
Full article hyperlink: https://ir-image.cangoonline.com/ir-documents/2025-12-2-Cango-Inc-Reviews-Third-Quarter-2025-Unaudited-Monetary-Outcomes.pdf
Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
E-mail: [email protected]
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