Cango Inc. Reports Third Quarter 2025 Unaudited Financial Results [Globe and Mail, The (Toronto, Canada)]
Cango Inc. Class A Ordinary Shares (CANG)
Last cango inc. class a ordinary shares earnings: 3/23 04:30 pm
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Source: Globe and Mail, The
Third Quarter 2025 Financial and Operational Highlights Total revenues were US$224.6 million in the third quarter of 2025, an increase of 60.6% compared with the second quarter of 2025. Revenue from the bitcoin mining business in the third quarter of 2025 was US$220.9 million. Operating income was US$43.5 million and net income was US$37.3 million over the period. Adjusted EBITDA for the third quarter of 2025 was US$80.1 million. Average operating hashrate increased steadily from 40.91 EH/s in July to 44.85 EH/s in September and further improved to 46.09 EH/s in October, with efficiency surpassing 90%. This was primarily due to mining facility relocations, operational enhancements and miner hardware upgrades. A total of 1,930.8 BTC was mined over the third quarter, averaging 21.0 BTC per day, up 37.5% in total output and 36.0% in daily production compared with the second quarter of 2025. Average cost to mine, excluding depreciation of mining machines, was US$81,072 per BTC, w
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News
- Cango (NYSE:CANG) had its price target lowered by analysts at HC Wainwright from $8.00 to $3.00. They now have a "buy" rating on the stock.MarketBeat
- Cango Inc (CANG) Q3 2025 Earnings Call Highlights: Revenue Surge and Strategic Expansion Amid ... [Yahoo! Finance]Yahoo! Finance
- Cango Inc. rapporteert de niet-gecontroleerde financiële resultaten van het derde kwartaal van 2025PR Newswire
- Cango Inc. Reports Third Quarter 2025 Unaudited Financial ResultsPR Newswire
- Cango Inc. Reports Third Quarter 2025 Unaudited Financial ResultsPR Newswire
CANG
Earnings
- 12/1/25 - Beat
CANG
Sec Filings
- 12/2/25 - Form 6-K
- 10/22/25 - Form S-8
- 10/20/25 - Form F-6
- CANG's page on the SEC website