Cango, a NYSE-listed company, expects Bitcoin mining to generate $89.5 million in revenue by the end of 2024

Cango, a car trading service company listed on the New York Stock Exchange, released its unaudited financial performance report for the fourth quarter and full year of 2024, disclosing that the mining output as of the end of 2024 was 933.8 bitcoins, with bitcoin mining business generating $89.5 million in revenue, while car trading-related revenue was $2.1 million, with total revenue increasing by over 400% year-on-year.