Cango, a NYSE-listed company: Q1 Bitcoin mining revenue reaches 1 billion RMB, producing 1,541 BTC

Cango, a company listed on the New York Stock Exchange, released its unaudited financial results for the first quarter of 2025, disclosing: 1. Total revenue was 1.1 billion RMB (USD 145.2 million), with the Bitcoin mining business generating 1 billion RMB (USD 144.2 million) in revenue this quarter; 2. Mining output was 1,541 Bitcoins, with an average mining cost of USD 70,602.1 per Bitcoin. 3. As of March 31, 2025, the total balance of cash and cash equivalents and short-term investments was 2.5 billion RMB (USD 347.4 million).