#Cryptocurrency #USA #Dallas #Bitcoin Mining #Cango Inc.

Cango Inc. Provides January 2026 Bitcoin Production Update

Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, has released its operational update for January 2026, outlining both production figures and mining activity. With significant global operations aimed at developing integrated energy and AI computing platforms, this report sheds light on the hurdles faced during the month and the company's strategic responses.

Production Figures and Insights

In January 2026, Cango produced a total of 496.35 Bitcoins, which marks a decrease from 569 Bitcoins produced in December 2025. The average daily Bitcoin production also fell to 16.01 BTC/day compared to 18.35 BTC/day in the previous month. Despite this drop, Cango managed a total Bitcoin holding of 7,474.6 BTC, slightly down from 7,528.3 BTC held just prior.

Interestingly, the company has begun to selectively sell a portion of its newly mined Bitcoins for the first time, with 550.03 BTC sold in January. This marks a strategic shift in approach, allowing for flexibility in managing liquidity and funding ongoing expansion plans.

Challenges Faced

The month was particularly challenging for Cango due to extreme cold weather and snowstorms affecting key regions in North America. These conditions led to temporary operational setbacks, notably reducing the average hash rate to 37.02 EH/s from 43.36 EH/s previously. However, favorable adjustments in network difficulty mitigated some of these difficulties, enabling them to mine nearly 500 BTC despite the circumstances.

Paul Yu, Cango's CEO, elaborated on the significance of these developments by stating, “January’s weather-related challenges posed a real hurdle, but our adaptive strategies allowed us to continue production effectively.