Cango Inc. reported a significant revenue increase for Q3 2025, reaching $224.6 million, up 60.6% from the previous quarter. The surge was primarily driven by its Bitcoin mining operations, which contributed $220.9 million. The company mined 1,930.8 Bitcoin during the quarter, averaging 21 Bitcoin per day, with a production cost of $99,383 per Bitcoin. Operating income stood at $43.5 million, while net income was $37.3 million. CEO Paul Yu highlighted the company's strategic focus on developing a global distributed AI computing network, with pilot projects already initiated in Oman and Indonesia. This initiative is part of Cango's long-term growth strategy, aiming to leverage its mining capabilities to expand into AI computing.