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Cango: Q1 Mining Output of 1,541 Bitcoins
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The New York Stock Exchange-listed company Cango released its unaudited financial results for the first quarter of 2025, disclosing: 1. Total revenue was 1.1 billion RMB (145.2 million USD), with the Bitcoin mining business generating 144.2 million USD in revenue this quarter; 2. 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 347.4 million USD.
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