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Cango Inc. Bitcoin Production Update for January 2026

Cango Inc. (NYSE: CANG), a leading Bitcoin mining company, has shared a detailed update regarding its Bitcoin production and mining operations for January 2026. The company aims to leverage its global operations to develop a comprehensive energy and AI computing platform, adjusting its strategies amid the current market dynamics.

Production Metrics for January 2026

In January, Cango produced a total of 496.35 Bitcoins, which is a decline compared to the 569 Bitcoins produced in December 2025. On average, the company mined approximately 16.01 Bitcoins per day in January, down from 18.35 Bitcoins per day in December. The total amount of Bitcoins held by the company stood at 7,474.6 Bitcoins, slightly decreasing from 7,528.3 Bitcoins the previous month. A noteworthy statistic is that Cango sold 550.03 Bitcoins in January after having no sales recorded in December. The hashrate utilized in January was 50 EH/s, remaining constant compared to December, although the average operational hashrate decreased to 37.02 EH/s from 43.36 EH/s.

Impact of Weather Conditions

According to Paul Yu, CEO of Cango, extreme weather conditions, including severe cold and snowstorms in critical North American areas, led to temporary operational outages and reduced average hashrate. However, favorable adjustments in network difficulty helped partially mitigate these challenges, allowing for close to 500 BTC to be mined during the month.

Starting this month, the company has decided to selectively sell some newly mined Bitcoins to support the expansion of its inference platform and other short-term growth initiatives. Yu remarked, “This tactical flexibility will allow us to seize new business opportunities and manage our liquidity more agilely.”

Overview of Cango Inc.

Cango Inc. is committed to building an integrated global infrastructure platform aimed at driving the future digital economy. The mining operations are spread over 40 locations across North America, the Middle East, South America, and East Africa. Since entering the digital asset space in November 2024, Cango has initiated pilot projects in both integrated energy solutions and distributed AI computing.

In addition to its mining operations, Cango also runs an online international export business for used cars through AutoCango.com, showcasing its diverse business model. For further information about the company and its initiatives, visit Cango Online.

For investor relations inquiries, you can contact Juliet Ye, Head of Communications at Cango Inc., via email at [email protected] or reach out to Christensen Advisory at +852 2117 0861.

Overall, while the January figures show a decrease in Bitcoin production, Cango's strategic adjustments and diversified business approaches position it well for navigating the complexities of the cryptocurrency market moving forward.