Cango Inc. Releases January 2026 Bitcoin Production and Mining Update
Cango Inc. Releases January 2026 Bitcoin Production and Mining Update
Cango Inc. (NYSE: CANG), a prominent player in the Bitcoin mining sector, has recently disclosed its performance metrics for January 2026. The company leverages its global operations to develop an integrated platform that focuses on AI processing and energy solutions.
In its latest report, Cango outlined several key performance indicators (KPIs) relating to Bitcoin production and mining activities:
- - Bitcoin Produced: 496.35 BTC
- - Average Daily Bitcoin Production: 16.01 BTC
- - Total Bitcoin Held: 7,474.6 BTC
- - Total Bitcoin Sold: 550.03 BTC
- - Distributed Hashrate: 50 EH/s
- - Average Operational Hashrate: 37.02 EH/s
Impact of Extreme Weather Conditions
Paul Yu, the CEO of Cango, addressed the challenges faced during this reporting period. January brought extremely cold weather and snowstorms to key regions in North America, leading to temporary operational downtimes and a reduction in the average hashrate. Despite these setbacks, favorable adjustments in network difficulty partially mitigated the impact, enabling the company to mine nearly 500 BTC throughout the month.
Starting this month, Cango has strategically decided to sell a portion of its recently mined Bitcoin. This move aims to finance the expansion of its inference platform and other short-term growth initiatives. According to Yu, this tactical flexibility will allow Cango to seize new business opportunities while managing its liquidity effectively.
Future Outlook and Business Diversification
Cango's comprehensive view extends beyond just Bitcoin mining. The company is focused on establishing a robust global infrastructure capable of supporting the future digital economy. Since entering the digital asset market in November 2024, Cango has initiated pilot projects in both integrated energy solutions and distributed AI processing.
Cango Inc. operates over 40 mining sites across North America, the Middle East, South America, and East Africa, making it a significant player within the cryptocurrency ecosystem. In addition to its mining operations, Cango continues to manage an international online business for used car exports through AutoCango.com, showcasing its diversified business model.
For more detailed information about Cango's operations and plans for the future, please visit www.cangoonline.com.
Contact Information
For investor relations inquiries, please contact:
- - Juliet Ye, Head of Communications, Cango Inc.
- - Email: [email protected]
- - Christensen Advisory
- - Tel: +852 2117 0861
- - Email: [email protected]
Cango Inc. is committed to creating a comprehensive and integrated platform that will drive growth in the evolving digital landscape. With recent operational adjustments and strategic sales of its Bitcoin holdings, Cango is well-positioned to navigate the complexities of the cryptocurrency market while fostering innovation in energy and AI technologies.
Topics Financial Services & Investing）
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