05:32 PM EDT, 05/14/2025 (MT Newswires) -- Cango ( CANG ) reported a Q1 adjusted net loss late Wednesday of 2 renminbi ($0.28) per diluted American depositary share, compared with net income of 0.80 renminbi a year earlier.

One analyst polled by FactSet expected earnings of 0.95 renminbi.

Revenue in the three months ended March 31 surged to 1.1 billion renminbi from 64.4 million renminbi a year earlier, boosted by bitcoin mining.

Two analysts surveyed by FactSet expected 1.08 billion renminbi.