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Cango Inc. Reports on Bitcoin Production and Mining for January 2026

On February 3, 2026, Cango Inc. (NYSE: CANG), a prominent Bitcoin mining company, announced its operational results for Bitcoin production and mining for January 2026. This release comes amid the company’s ongoing efforts to establish a globally integrated platform focused on energy computation and artificial intelligence (AI).

Overview of Production and Mining Operations

According to the report, Cango produced approximately 496.35 Bitcoins in January, a marked decrease compared to December 2025 when the company generated 569 Bitcoins. This decline in production was attributed primarily to extreme cold weather and blizzards affecting key regions in North America, leading to temporary halts in operations.

The average number of Bitcoins mined daily also saw a reduction, with January reporting an average of 16.01 Bitcoins per day compared to 18.35 per day in the previous month. Despite these challenges, the company managed to maintain its deployed hash rate at 50 EH/s, although the operational hash rate dropped to an average of 37.02 EH/s from 43.36 EH/s in December.

In total, Cango now holds approximately 7,474.6 Bitcoins, down from 7,528.3 at the end of December. Notably, for the first time, the company reported sales of 550.03 Bitcoins in January, transitioning to a selective sales strategy to support its platform expansion.

Strategic Moves Amid Challenges

Paul Yu, the CEO of Cango, emphasized the impact of harsh weather conditions on production but noted that favorable adjustments to the network's difficulty partially mitigated these setbacks. Yu stated, "In January, the extreme cold and blizzards in key North American regions caused temporary downtimes and reduced our average hash rate. However, positive adjustments in the difficulty on the network allowed us to mine nearly 500 BTC during the month."

From January onwards, Cango plans to sell a portion of its newly mined Bitcoins to support the expansion of its inference platform and other short-term growth initiatives. This tactical flexibility aims to enhance the company's ability to seize new business opportunities and better manage its liquidity.

Looking Forward

Cango Inc. is not only focused on Bitcoin mining but is also actively exploring integrated energy solutions and distributed AI computing. Since entering the digital asset sector in November 2024, the company has launched various pilot projects aimed at harnessing technology to drive growth. Additionally, Cango continues to operate its international online used car export business through AutoCango.com.

For more information about Cango Inc. and its activities, you can visit their website at www.cangoonline.com.

Investor Relations Contact

Juliet Ye
Cango Inc.
Email: [email protected]
Christensen Advisory
Tel: +852 2117 0861
Email: [email protected]

This report highlights Cango Inc.'s commitment to navigating the challenges of Bitcoin mining while strategically positioning itself for future growth in an increasingly competitive market.