Cango Mining Quarterly Report: 1,930 BTC mined in a single quarter, quietly laying out an AI Computing Power network.

2025-12-01 22:20:15

[Coin World] Cango Inc.'s third-quarter report is impressive—total revenue reached $224.6 million, a 60.6% increase quarter-on-quarter, with Bitcoin mining contributing $220.9 million. Looking specifically at computing power performance: a total of 1930.8 BTC was mined this quarter, averaging 21 coins per day, with the total cost of mining each coin at $99,383. The profit side is also good, with operating income of $43.5 million and a net profit of $37.3 million.

What is more noteworthy is the action revealed by CEO Paul Yu – they are developing a global distributed AI Computing Power network, which has already been piloted in Oman and Indonesia. It seems that this company is not satisfied with just Mining and is starting to transition towards AI Computing Power infrastructure.

BTC2.85%

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ImaginaryWhale

· 12-04 22:19

1. 1930 BTC this quarter, really making a fortune quietly... The cost is only 99,383 to mine, so there's still quite a profit margin. 2. AI computing power network? Oman and Indonesia pilot projects... Feels like they're stockpiling for the next big trend. 3. 60.6% month-on-month growth is pretty wild, will mining difficulty go up again later? 4. Optimistic about this shift; pure mining is too competitive, computing power infrastructure is the real future. 5. Daily average of 21 BTC... Damn, that's a real money printer, we need to follow their playbook. 6. Paul Yu made a good move here, dual strategy of mining + AI, betting on both sides. 7. Oman and Indonesia site selection must have some reasoning, right? Electricity cost advantage? 8. Wait, isn't this profit margin a bit too clean? 43.5 million revenue from mining, 37.3 million net profit... 9. If the AI computing power network works out, Cango's position is set; it's not too late to get in now. 10. How do Chinese mining farms feel right now, haha.

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AlwaysQuestioning

· 12-03 07:09

More than 1,930 BTC mined in the first quarter, the profit margin is insane. 2. AI computing power network? Alright Cango, starting to position for the future. 3. Unit cost is $99,000 per coin, that's some impressive cost control. 4. Shifting from mining to AI infrastructure, the strategy is getting clearer. 5. Oman and Indonesia as testing grounds, Cango is making big moves. 6. Net profit of over 37 million, this quarter is really something. 7. By the way, can AI computing power networks really take off, or is this just another hype concept? 8. 60% quarter-over-quarter growth, that's some serious acceleration. 9. Optimistic about their transformation; after all, mining is ultimately a sunset industry. 10. You can tell their operational strength just from the computing power cost—not everyone can pull this off. 11. 1,930 BTC, how much is that in RMB? 12. The CEO’s latest move is meaningful, still has a sharp sense for opportunities.

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AirdropHunter9000

· 12-02 06:27

1930 Bitcoins in a quarter? This profit margin is a bit ridiculous, the cost per coin is almost a hundred thousand and still can earn this much... The AI Computing Power network is what we really need to follow, Oman and Indonesia are both making moves, it feels like they are preparing for the next wave of opportunities. This data looks too good to be true, we need to be careful if there's any embellishment.

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FreeMinter

· 12-01 22:49

1930 BTC mined in a quarter, this profit margin is really amazing, but the cost of 99k per coin is a bit precarious now. The AI Computing Power Network is a good move, miners are starting to shift towards it, looks like we really have to follow the trend. Indonesia and Oman as pilot locations? The choice of these two places is quite particular, the cheap electricity is indeed an advantage. With a revenue growth rate of 60%, I just want to ask if they are buying the dip on Bitcoin, haha. Transforming into AI Computing Power really cannot be stopped, but being able to deliver is the real key.

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AirdropJunkie

· 12-01 22:44

What the hell, 1930 pieces? This quarter's buy the dip strategy is really intense, averaging 21 BTC a day... But the unit cost being close to 100,000 USD is a bit scary. Shifting to the AI Computing Power network? Smart move, this is betting on the future of AI infrastructure... What kind of strategy are Oman and Indonesia piloting? 60.6% quarter-over-quarter rise, this data looks a bit over the top... Is it real? The future of AI Computing Power is bullish, but I'm afraid it will just be another PPT wealth creation scheme, waiting to be slapped in the face.

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DegenWhisperer

· 12-01 22:42

Oh dear, 1930 BTC in a quarter? These mining rigs are definitely running, but the cost per unit is approaching 100,000... a bit painful. The AI computing power network is where the real story is; mining will eventually saturate, and we need to move towards new tracks. This shift is quite wise.

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BoredApeResistance

· 12-01 22:33

Look at this data, mining 1930 BTC in Q3 is no joke, but the unit cost is approaching 100,000 USD, this cost pressure is real... The AI Computing Power network is interesting, has Oman and Indonesia started a pilot? This should have been laid out a long time ago, mining has skyrocketed, we still need to find new paths. With such a high profit margin, why do I feel like there is still a need for transformation, what are we preparing for? The BTC output is so stable, I am a bit afraid that one day the Computing Power difficulty will surge again. I understand the logic of turning to AI, but can it really compete with professional Computing Power factories? It feels like there is still a long way to go.

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CoconutWaterBoy

· 12-01 22:26

1930 BTC per quarter, this number is really impressive... However, the single coin cost of 99383 USD can still make a profit, which is really outrageous. Turning to AI Computing Power network? It seems that mining companies all want to take this route, just see who can really make it happen. Trial in Oman and Indonesia... Choosing these two places is quite interesting, is it due to electricity cost considerations?

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GasFeeSobber

· 12-01 22:25

The mining profit is okay, but 1930 BTC doesn't seem as impressive as I imagined... Transitioning to AI Computing Power is where the real focus is, let's see if trying out a new track can turn things around.

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