Cango Inc. Announces January 2026 Bitcoin Production and Mining Operations Update

Rhea-AI Summary

Cango (NYSE: CANG) released its January 2026 Bitcoin production and mining update. The company produced 496.35 BTC in January versus 569.0 BTC in December, with average daily production falling to 16.01 BTC/day from 18.35 BTC/day.

Deployed hashrate remained 50 EH/s while average operating hashrate declined to 37.02 EH/s from 43.36 EH/s. Cango sold 550.03 BTC in January and held 7,474.6 BTC at month-end. Management cited weather-driven downtime and favorable network difficulty adjustments, and plans selective sales to fund its inference platform expansion.

Positive

• Sold 550.03 BTC in January to fund expansion and liquidity
• Deployed hashrate steady at 50 EH/s, indicating capacity unchanged
• Company cites favorable network difficulty adjustments offsetting weather impacts

Negative

• Bitcoin produced down 12.8% month-over-month: 496.35 vs 569.0
• Average operating hashrate down 14.6%: 37.02 EH/s vs 43.36 EH/s
• Average daily production fell to 16.01 BTC/day from 18.35

News Market Reaction

%

1 alert

% News Effect

On the day this news was published, CANG declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

BTC produced (Jan 2026): 496.35 BTC BTC produced (Dec 2025): 569.0 BTC Avg daily BTC (Jan 2026): 16.01 BTC/day +5 more

8 metrics

BTC produced (Jan 2026) 496.35 BTC Bitcoin mined in January 2026 (unaudited, estimated)

BTC produced (Dec 2025) 569.0 BTC Bitcoin mined in December 2025 (unaudited, estimated)

Avg daily BTC (Jan 2026) 16.01 BTC/day Average number of Bitcoin produced per day in January 2026

Avg daily BTC (Dec 2025) 18.35 BTC/day Average number of Bitcoin produced per day in December 2025

BTC holdings (Jan 31, 2026) 7,474.6 BTC Total Bitcoin held as of January 2026 month-end

BTC holdings (Dec 31, 2025) 7,528.3 BTC Total Bitcoin held as of December 2025 month-end

BTC sold (Jan 2026) 550.03 BTC Total Bitcoin sold in January 2026

Average operating hashrate (Jan 2026) 37.02 EH/s Average operating hashrate over January 2026

Market Reality Check

Price: $1.18 Vol: Pre-news volume at 1,234,...

normal vol

$1.18 Last Close

Volume Pre-news volume at 1,234,463 vs 20-day average 886,599 (relative volume 1.39). normal

Technical Shares at $1.18, trading below the 200-day MA of $3.71 and near the $1.12 52-week low.

Peers on Argus

Before this update, CANG was down 4.07% while peers were mixed: SWIN up 3.8%, AM...

1 Up

Before this update, CANG was down 4.07% while peers were mixed: SWIN up 3.8%, AMRK up 2.17%, FUFU up 1.87%, CNCK down 11.66%, HIVE down 5.75%. Momentum scanner only flagged HIVE (up 4.88%), suggesting stock-specific dynamics for CANG rather than a broad sector move.

Previous Crypto Reports

5 past events · Latest: Jan 05 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 05	Monthly crypto update	Positive	+16.3%	Reported higher December BTC output and increased Bitcoin holdings with stable fleet.
Dec 05	Monthly crypto update	Positive	-6.2%	November BTC production and long-term HODL strategy alongside NYSE transition details.
Nov 03	Monthly crypto update	Positive	-7.0%	October BTC production, over 6,000 BTC milestone, and direct NYSE listing plan.
Oct 03	Monthly crypto update	Positive	+4.0%	September BTC production growth, higher holdings, and long-term Bitcoin holding stance.
Sep 02	Monthly crypto update	Positive	-2.1%	Strong August BTC output, higher operating hashrate, and U.S. facility acquisition.

Pattern Detected

Crypto production updates have triggered sizable but mixed reactions; most updates are operationally positive yet often see negative price moves, indicating asymmetric or sentiment-driven responses.

Recent Company History

Over recent months, Cango has issued recurring crypto updates detailing Bitcoin production, holdings, and hashrate. August through December 2025 updates showed a stable 50 EH/s deployed hashrate, growing BTC holdings (e.g., 5,193.4 to 7,528.3 BTC), and a stated long-term HODL stance with no intent to sell. Price reactions to these ostensibly positive operational updates have been mixed, with both strong gains and notable declines, underscoring volatile sentiment around Cango’s mining metrics. The January 2026 update continues this series while introducing selective BTC sales.

Historical Comparison

crypto

+7.1 %

Average Historical Move

Historical Analysis

Past crypto production updates moved CANG an average of 7.11%, with reactions often diverging from the uniformly positive operational tone, highlighting sensitivity to monthly mining metrics.

Typical Pattern

Crypto-tagged history shows steady BTC production at a 50 EH/s fleet, rising holdings from 5,193.4 to 7,528.3 BTC, and a long-term HODL stance. The new January 2026 update marks a shift toward selectively selling newly mined Bitcoin while continuing to emphasize mining efficiency and broader AI compute and energy platform ambitions.

Regulatory & Risk Context

Active S-3 Shelf · US$500,000,000

Shelf Active

Active S-3 Shelf Registration 2025-12-17

US$500,000,000 registered capacity

On 2025-12-17, Cango filed an F-3 shelf registration permitting offerings of up to US$500,000,000 in Class A shares, debt, warrants and units after effectiveness. No usage is recorded yet, but the filing provides the company with flexibility to raise capital via future registered offerings.

Market Pulse Summary

This announcement details January 2026 mining performance: 496.35 BTC produced, average 16.01 BTC/da...

Analysis

This announcement details January 2026 mining performance: 496.35 BTC produced, average 16.01 BTC/day, and 7,474.6 BTC held, with an average operating hashrate of 37.02 EH/s. It also marks a shift from pure HODL toward selectively selling 550.03 BTC to fund an inference platform and growth initiatives. In context of prior crypto updates and the existing US$500,000,000 F-3 shelf, investors may watch future production trends, BTC disposition, and capital-raising activity closely.

Key Terms

bitcoin, hashrate, eh/s, ai compute platform, +2 more

6 terms

bitcoin technical

"a leading Bitcoin miner leveraging its global operations"

Bitcoin is a decentralized digital currency and asset that exists only online, created and recorded through a public digital record maintained by many computers worldwide—think of it as a shared spreadsheet that no single person controls. Investors care because it behaves like a high-risk, high-reward store of value and speculative commodity: its supply is limited, its price can swing sharply, and owning it can change a portfolio’s risk, diversification and exposure to market sentiment.

hashrate technical

"Average operating hashrate [3] | 37.02 EH/s | 43.36 EH/s"

Hashrate is a measure of how quickly a computer network can process and verify transactions, often expressed as the number of calculations it can perform in a second. Think of it like the engine power of a car; the higher the hashrate, the more work the network can do in a given time. For investors, a higher hashrate generally indicates a more secure and robust network, which can influence confidence and the value of related digital assets.

eh/s technical

"Deployed hashrate | 50 EH/s | 50 EH/s"

"Eh/s" stands for "earnings per share," a measure of a company's profitability calculated by dividing its net profit by the number of shares outstanding. It indicates how much money each share would earn if the company’s profits were divided equally among shareholders, helping investors assess how well a company is performing financially. A higher "eh/s" suggests greater profitability, which can influence investment decisions.

ai compute platform technical

"to develop an integrated energy and AI compute platform"

An AI compute platform is the combination of hardware, software and services that companies use to train, run and manage artificial intelligence models — think of it as a factory floor where raw data is turned into intelligent applications. It matters to investors because its cost, scalability and recurring revenue potential influence how quickly businesses can deploy AI, how much capital they need, and which firms gain a durable advantage in a market driven by computing power and efficiency.

network difficulty technical

"However, favorable network difficulty adjustments partially offset these challenges"

Network difficulty is a measure of how hard it is for computers on a proof-of-work blockchain to find the next valid block and earn the associated reward; it automatically adjusts as the total computing power on the network rises or falls. For investors, difficulty is important because higher difficulty means mining becomes more expensive and less profitable per unit of computing power, like raising the bar in a race so entrants need more resources to win, which affects miner margins, capital spending and the effective supply rate of newly created coins.

liquidity financial

"manage our liquidity with greater agility"

Liquidity is how easily and quickly an asset or investment can be converted into cash without losing value. It matters to investors because higher liquidity means they can access their money quickly if needed, while lower liquidity can make it harder to sell assets promptly or at a fair price, potentially creating financial challenges. Think of it like trying to sell a common item versus a rare collectible—it's much easier to sell the common item fast.

AI-generated analysis. Not financial advice.

DALLAS, Feb. 3, 2026 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today published its Bitcoin production and mining operations update for January 2026.

Bitcoin Mining Production and Mining Operations Update for January 2026

Metric	January 2026 [1]	December 2025 [1]
Number of Bitcoin produced	496.35	569.0
Average number of Bitcoin produced per day	16.01	18.35
Total number of Bitcoin held [2]	7,474.6	7,528.3
Total number of Bitcoin sold	550.03	0
Deployed hashrate	50 EH/s	50 EH/s
Average operating hashrate [3]	37.02 EH/s	43.36 EH/s

 

1.       Unaudited, estimated.

2.       As of month-end.

3.       Average over the month.

Paul Yu, CEO and Director of Cango, commented, "In January, extreme cold and blizzards across key North American regions caused temporary operational downtime and reduced our average hash rate. However, favorable network difficulty adjustments partially offset these challenges, enabling us to mine nearly 500 BTC during the month. Starting this month, we will selectively sell a portion of newly mined Bitcoin to support the expansion of our inference platform and other near-term growth initiatives. This tactical flexibility will allow us to seize new business opportunities and manage our liquidity with greater agility."

About Cango Inc.

Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span over 40 sites across North America, the Middle East, South America, and East Africa.

Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com. 

For more information, please visit: www.cangoonline.com.

Investor Relations Contact

Juliet Ye, Head of Communications
Cango Inc.
Email: ir@cangoonline.com 

Christensen Advisory
Tel: +852 2117 0861
Email: cango@christensencomms.com

 

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SOURCE Cango Inc.

FAQ

How many Bitcoin did Cango (CANG) produce in January 2026?

Cango produced 496.35 BTC in January 2026, a decline from December. According to the company, extreme cold and blizzards caused downtime that reduced average operating hashrate and monthly output.

Why did Cango's average operating hashrate decline in January 2026 for CANG?

The decline was due to weather-related downtime affecting North American operations. According to the company, extreme cold and blizzards temporarily reduced running miners and lowered the month's average hashrate.

How many Bitcoin does Cango (CANG) hold after January 2026 and did it sell any BTC?

Cango held 7,474.6 BTC as of January 31, 2026 and sold 550.03 BTC during January. According to the company, sales support platform expansion and near-term growth initiatives.

Did Cango (CANG) change deployed hashrate in January 2026?

Deployed hashrate remained unchanged at 50 EH/s in January 2026. According to the company, capacity stayed constant while average operating hashrate varied due to temporary operational downtime.

What is Cango's (CANG) stated reason for selling Bitcoin starting January 2026?

Cango will selectively sell newly mined Bitcoin to fund its inference platform and near-term growth. According to the company, this tactical flexibility aims to support expansion and manage liquidity.