In accordance with Chaincatcher, Cango, a U.S.-listed mining company, has released its third-quarter financial report. The company reported Q3 revenue of $224.6 million, with $220.9 million coming from Bitcoin mining. During the quarter, Cango mined 1,930.8 BTC at an average mining cost of $81,000 per BTC, with a total cost of $99,400 per BTC. The company recorded an operating profit of $43.5 million, a net profit of $37.3 million, and an adjusted EBITDA of $80.1 million.
Cango Reports Q3 Revenue of $224.6M, Mines 1,930.8 BTC
KuCoinFlashShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.