Cango announces Q3 financial report: quarterly revenue of $224.6 million, mining output of 1,930.8 BTC
ChainCatcher News, US-listed mining company Cango has released its third quarter financial report. Quarterly revenue was $224.6 million, of which bitcoin mining revenue accounted for $220.9 million; a total of 1,930.8 BTC were mined in the third quarter, with a daily average of 21 BTC; the average mining cost was $81,000 per BTC, and the total cost was $99,400 per BTC; operating profit was $43.5 million, net profit was $37.3 million, and adjusted EBITDA was $80.1 million.
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