TechFlow news, May 14 — According to financial reports released by Cango Inc. (NYSE: CANG), a U.S.-listed mining company, the company’s Bitcoin mining revenue for the first quarter of 2025 was approximately $144.2 million, with a total of 1,541 Bitcoins mined. The average cost to mine each Bitcoin during the first quarter (excluding depreciation of mining machines) was $70,602.1.
Cango plans to add 18 EH/s of hashing power by the end of July 2025, bringing its total hashing power to approximately 50 EH/s. The company follows a "mine and hold" strategy, prioritizing self-mining and long-term holding.
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