Cango announced its third quarter financial report: quarterly revenue of $224.6 million, mining output of 1,930.8 BTC

Cango, a mining company listed on the US stock market, announced its third-quarter financial report. The quarterly revenue was $224.6 million, of which Bitcoin mining revenue accounted for $220.9 million; a total of 1,930.8 BTC was mined in the third quarter, averaging 21 BTC per day; the average mining cost was $81,000/BTC, with a total cost of $99,400/BTC; operating profit was $43.5 million, net profit was $37.3 million, and adjusted EBITDA was $80.1 million.