TechFlow reports that on February 3, Cango Inc. (NYSE: CANG) released its January 2026 Bitcoin production and mining operations update. Operations were temporarily suspended due to extreme cold weather and blizzards across North America, causing the company’s average hash rate to decline from 43.36 EH/s in the previous month to 37.02 EH/s, and reducing Bitcoin production from 569 BTC in December to 496.35 BTC in January.
Cango’s CEO Paul Yu stated that although challenges persisted, favorable network difficulty adjustments partially offset these impacts. Starting this month, Cango will selectively sell portions of newly mined Bitcoin to support the expansion of its inference platform and other short-term growth initiatives.
As of the end of January, Cango held 7,474.6 BTC, sold 550.03 BTC during the month, and maintained a deployed hash rate of 50 EH/s.
