Cango(US:CANG) Prnewswire·2026-02-03 11:00Core Viewpoint - Cango Inc. reported a decrease in Bitcoin production for January 2026 due to operational challenges caused by extreme weather, but plans to sell a portion of newly mined Bitcoin to support growth initiatives [1][4]. Production Metrics - The number of Bitcoin produced in January 2026 was 496.35, down from 569.0 in December 2025 [2]. - The average number of Bitcoin produced per day decreased to 16.01 from 18.35 [2]. - The total number of Bitcoin held by the company at the end of January was 7,474.6, a slight decrease from 7,528.3 in December [2]. - Cango sold a total of 550.03 Bitcoin in January 2026, compared to none in December [2]. Hashrate and Operations - The deployed hashrate remained stable at 50 EH/s [2]. - The average operating hashrate dropped to 37.02 EH/s from 43.36 EH/s in December [2][4]. Strategic Initiatives - The CEO noted that operational downtime due to extreme cold and blizzards impacted production, but network difficulty adjustments helped mitigate some of these effects [4]. - The company plans to selectively sell newly mined Bitcoin to fund the expansion of its inference platform and other growth initiatives, allowing for greater liquidity management [4]. Company Overview - Cango Inc. is a Bitcoin mining company with operations across over 40 sites globally, including North America, the Middle East, South America, and East Africa [5]. - The company has been active in the digital asset space since November 2024, focusing on integrated energy solutions and distributed AI computing [6].