Mining is still very profitable!

Cango: In Q1, Mining produced 1,541 Bitcoins, with revenue reaching 1 billion RMB.
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 is 1.1 billion RMB (145.2 million USD), of which the Bitcoin Mining business generated 1 billion RMB (144.2 million USD) in revenue this quarter;
2. The mining output is 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 is RMB 2.5 billion (347.4 million USD). $BTC
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