Mining company Cango mined 496.35 Bitcoins in January, with a total holding of 7,474.6 Bitcoins.

DeepFlowTech · 2026-02-03T11:27:19+00:00

Cango Inc. due to extreme cold weather in North America, Bitcoin hash rate in January dropped to 37.02 EH/s, and production decreased to 496.35 units. The CEO stated that they will sell some Bitcoin to support short-term growth, and by the end of January, the company held 7,474.6 Bitcoin.

DeepFlowTech

2026-02-03 11:27:19

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Deep Tide TechFlow News, February 3rd, Cango Inc. (NYSE: CANG) released an update on Bitcoin production and mining operations for January 2026. Due to extremely cold weather and snowstorms in North America, the company’s operations were temporarily halted, with the average hash rate dropping from 43.36 EH/s last month to 37.02 EH/s, resulting in Bitcoin production decreasing from 569 in December to 496.35 in January.

CEO Paul Yu stated that despite the challenges, favorable network difficulty adjustments partially offset these impacts. Starting this month, Cango will selectively sell some newly mined Bitcoins to support the expansion of its mining platform and other short-term growth plans.

As of the end of January, Cango held 7,474.6 Bitcoins, sold 550.03 Bitcoins during the month, and maintained a hash rate deployment of 50 EH/s.

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