Cango(US:CANG) Ge Long Hui·2025-12-02 10:00Core Insights - CANG reported Q3 2025 revenue of $224.6 million, a quarter-over-quarter increase of 60.6%, primarily driven by its mining business which contributed $220.9 million [1] - The company achieved a net profit of $37.3 million and maintained a hash rate of 50 EH/s with over 90% utilization, indicating strong operational efficiency [1] - CANG has completed its direct listing on the NYSE, which is expected to enhance trading transparency and attract institutional investors [1] Financial Performance - Q3 2025 revenue: $224.6 million, up 60.6% quarter-over-quarter [1] - Net profit for the quarter: $37.3 million [1] - Bitcoin production in October: 602.6 BTC, with an average operational hash rate of 46.09 EH/s [1] Strategic Developments - The company is advancing its "Mining-Energy-AI" strategy, with green energy projects in Oman and Indonesia expected to launch within the next 12 to 24 months [1] - Ongoing pilot projects for distributed computing are progressing as planned [1] - Current stock price does not fully reflect the potential contributions from AI and green energy initiatives, indicating further upside in overall valuation [1]