Cango (CANG) reported Q4 adjusted net income late Thursday of 0.51 renminbi ($0.07) per diluted American depositary share, swinging from a loss of 0.91 renminbi a year earlier.
Revenue for the quarter ended Dec. 31 to 668.0 million renminbi, up from 130.2 million renminbi a year ago. Cango said the rise was due to its Bitcoin mining business launch in November 2024.
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