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Cango Inc. Releases January 2026 Bitcoin Mining Update
On February 3, 2026, Cango Inc. (NYSE: CANG), a leader in Bitcoin mining, announced its Bitcoin production and mining operations for January 2026. The company reported a production of 496.35 Bitcoins, a decrease from 569 Bitcoins in December 2025. The average daily production also declined from 18.35 to 16.01 Bitcoins. Despite the decrease, Cango sold 550.03 Bitcoins in January, unlike in December where no sales were made.
Cango's CEO, Paul Yu, stated that extreme cold and blizzards in North America led to operational downtime, reducing the average operating hashrate from 43.36 EH/s to 37.02 EH/s. However, network difficulty adjustments helped mitigate the impact. Yu noted that the decision to sell part of the mined Bitcoin would support the company's growth and liquidity strategies.
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