Cango 2025Q3 Financial Report: One Year Anniversary of Mining Enterprise Transformation, Revenue Up by 60.6% QoQ, Venturing into AI Computing Power.

December 2, 2025 — Cango today released its third-quarter 2025 results, reporting total revenue of $225 million (a 60.6% quarter-over-quarter increase), operating profit of $43.5 million, and net profit of $37.32 million. The figures mark a significant year-over-year shift from losses to profitability. As a strategic transformation milestone marking its one-year anniversary as a Bitcoin mining company, Cango’s global deployed hash rate has reached 50 EH/s, propelling it into the industry’s top ranks. In Q3, the firm mined 1,930.8 Bitcoins (a 37.5% quarter-over-quarter rise) — averaging 21 Bitcoins daily — with a full cost per Bitcoin of $99,383. Through equipment upgrades (including the T21/S21 series) and the acquisition of a 50-megawatt mining facility in Georgia, its hash rate efficiency has exceeded 90%, while operational hash rate rose to 46.09 EH/s in October. For AI computing power, Cango’s long-term vision centers on a “green energy-powered global distributed AI computing network.” Leveraging its distributed operations experience and global energy footprint, the company aims to build a standardized GPU computing resource pool targeting the differentiated needs of small and medium-sized enterprises (SMEs). Additionally, pilot new energy projects in Oman and Indonesia have launched, with operations expected to commence within 1–2 years.