According to online reports, Cango, a company listed on the New York Stock Exchange, released its unaudited financial results report for the first quarter of 2025, which disclosed: 1. Total revenue was 1.1 billion yuan (US$145.2 million), of which Bitcoin mining business generated revenue this quarter. 1 billion yuan (US$144.2 million); 2. Mining output was 1,541 bitcoins, and the average mining cost was US$70,602.1 per bitcoin. 3. The total balance of cash, cash equivalents and short-term investments as of March 31, 2025 was RMB 2.5 billion (US$347.4 million).