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The US stock mining company Cango Inc. (CANG) recently disclosed a bright third-quarter report: total revenue of $224.6 million, with the Bitcoin mining business contributing $220.9 million.
In this quarter, they mined a total of 1930.8 BTC, averaging 21 coins per day. In terms of mining costs, the average cost per coin is 81,000 USD, and the total cost including all expenses is 99,400 USD per coin.
The profit side performed well as well—operating profit of 43.5 million dollars and net profit of 37.3 million dollars. The adjusted EBITDA figures are also impressive, indicating a healthy cash flow situation for the company. In the current market environment, this financial report is considered to have delivered a solid answer.