Cango Inc. Reports on January Bitcoin Production
DALLAS — Cango Inc. (NYSE: CANG), a prominent miner harnessing global resources to forge an integrated energy and AI computing platform, has unveiled its production and mining operations report for January.
Summary of Bitcoin Mining Operations
In the recent production update, Cango showcased its figures for Bitcoin production. Here's an overview of the January 2026 metrics compared to December 2025:
Production Metrics
- Number of Bitcoin produced: 496.35 in January compared to 569.0 in December 2025.
- Average daily Bitcoin production: 16.01 as opposed to 18.35 in the preceding month.
- Total Bitcoin held: Currently stands at 7,474.6 BTC, down slightly from 7,528.3 BTC in December.
- Total Bitcoin sold: This month, the company reports selling 550.03 BTC, a significant increase from zero sold last month.
- Deployed hashrate: Remains steady at 50 EH/s.
- Average operating hashrate: Reduced to 37.02 EH/s from 43.36 EH/s in December.
Challenges Faced and Strategic Moves
During January, Cango experienced operational challenges due to severe weather including extreme cold and blizzards in critical regions of North America. This inclement weather led to a downturn in the average hash rate. However, adjustments in network difficulty have mitigated some of these issues, enabling the company to still mine close to 500 BTC during this period.
Paul Yu, CEO and Director of Cango, remarked on the situation, highlighting that despite the weather-related setbacks, the strategic decision to begin selling a portion of newly mined Bitcoin is aimed at funding the expansion of their inference platform and supporting upcoming growth initiatives.
About Cango Inc.
Cango Inc. (NYSE: CANG) stands at the forefront of the Bitcoin mining industry. The company's ambition is to create a global infrastructure platform that can effectively power the burgeoning digital economy. With mining operations that span more than 40 sites across various continents including North America, the Middle East, South America, and East Africa, Cango is well-positioned in the market.
Since venturing into the digital asset realm in late 2024, Cango has been activating pilot projects that explore integrated energy solutions and decentralized AI computing capabilities. Alongside this, the firm runs a successful online used car export business through its platform, AutoCango.com.
For inquiries and additional information, stakeholders can engage with the investor relations contacts below.
Investor Relations Contact
Juliet Ye, Head of Communications
Cango Inc.
Tel: +852 2117 0861
Email: [email protected]
Frequently Asked Questions
What recent developments occurred for Cango in January 2026?
Cango reported mining nearly 500 BTC despite operational downtime caused by extreme weather.
How many Bitcoin did Cango sell in January?
Cango sold 550.03 BTC, marking a significant sales achievement compared to previous months.
What challenges did Cango face during mining operations?
The company faced temporary downtime due to severe weather conditions affecting key operational areas.
What is the future outlook for Cango's mining operations?
The firm plans to sell a portion of mined Bitcoin to fund growth initiatives related to AI and energy solutions.
Where can I find more information about Cango Inc.?
More details can be found on the company's official website.
