Cango Inc., a leading bitcoin miner (NYSE: CANG), announced its unaudited financial results for the third quarter of 2025, revealing significant revenue growth and progress in the company’s mining operations. Total revenues reached US$224.6 million in Q3 2025, a substantial increase of 60.6% compared to the previous quarter. Notably, Bitcoin mining revenue accounted for US$220.9 million during this period. The company reported strong operating income at US$43.5 million and net income of US$37.3 million over the quarter. Adjusted EBITDA stood at US$80.1 million. 3rd Quarter 2025 saw a steady increase in mining hashrate from 40.91 EH/s in July to 46.09 EH/s by October, with efficiency exceeding 90%. This was primarily driven by strategic facility relocations, operational enhancements and upgraded miner hardware.