PANews reported on May 15 that according to PR Newswire, Cango Inc. (NYSE: CANG) had unaudited revenue of RMB 1.1 billion (approximately US$145 million) in the first quarter of 2025, a year-on-year increase, mainly due to its Bitcoin mining business launched in November 2024, with a single-quarter mining revenue of RMB 1 billion and a total of 1,541 Bitcoins produced. The company implements a "mining + holding" strategy, with a current computing power of 32 EH/s, which is expected to increase to 50 EH/s by the end of July.
Cango's revenue in the first quarter reached 1.1 billion yuan, and BTC mining became the main source of income
Comment
关注PANews官方账号，一起穿越牛熊
- @PANewsCN
- Telegram资讯频道
- Telegram交流群
- PANews微信群
添加好友，备注「交流」进群
Recommend Reading
2025-05-15AAVE community passes [TEMP CHECK] governance vote, Pepe may join the AAVE ecosystem as the first meme coin collateral asset
JPMorgan Chase: Bitcoin's potential to rise in the second half of the year may exceed gold, driven by support from companies and U.S. states
Bitcoin ETF has a net inflow of 2,494 BTC today, and Ethereum ETF has a net inflow of 27,202 ETH
Bitlayer announces partnership with Sui to jointly implement BitVM Bridge ecosystem deployment and integration
A whale transferred 2,218 BTC from CEX in the past three hours, worth about $227 million
eToro claims to have bought Bitcoin at $5 in the early days, making a profit of $50 million
