Cango Inc. $(CANG)$, a Bitcoin mining company, reported its production and operational results for January 2026. The company produced 496.35 Bitcoin in January, down from 569.0 Bitcoin in December 2025. The average number of Bitcoin produced per day was 16.01, compared to 18.35 in the previous month. As of the end of January, Cango held a total of 7,474.6 Bitcoin, slightly lower than the 7,528.3 Bitcoin held at the end of December. The company sold 550.03 Bitcoin during January, after reporting no sales in December. The deployed hashrate remained steady at 50 EH/s, while the average operating hashrate decreased to 37.02 EH/s from 43.36 EH/s in December. The company attributed the reduced average hash rate to extreme cold and blizzard conditions in North America, which led to temporary operational downtime. Cango also announced the start of selective sales of newly mined Bitcoin to support expansion initiatives and manage liquidity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cango Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN77413) on February 03, 2026, and is solely responsible for the information contained therein.
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