Cango Releases Bitcoin Mining Update for January 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5d ago
0mins
Should l Buy CANG?
Source: PRnewswire
- Bitcoin Production Decline: In January 2026, Cango produced 496.35 Bitcoins, down from 569 in December 2025, reflecting the impact of extreme weather on operations while demonstrating the company's ability to maintain relatively stable output in adversity.
- Average Daily Production: The average daily Bitcoin production in January was 16.0, a decrease from 18.35 in December; however, Cango managed to mitigate operational challenges through network difficulty adjustments, ensuring continued production capacity.
- Holding and Sales Overview: By the end of January, Cango held 7,474.67 Bitcoins, slightly down from 7,528.3 the previous month, while selling 550 Bitcoins indicates the company's flexibility in managing liquidity to support its expansion plans.
- Hashrate Stability: Despite a drop in average operational hashrate to 37.02 EH/s from 43.36 EH/s in December, Cango maintained a total hashrate of 50 EH/s, showcasing its resilience and adaptability under extreme weather conditions.
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Analyst Views on CANG
Wall Street analysts forecast CANG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CANG is 3.50 USD with a low forecast of 3.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.976
Low
3.00
Averages
3.50
High
4.00
Current: 0.976
Low
3.00
Averages
3.50
High
4.00
About CANG
Cango Inc is a holding company principally engaged in the crypto mining business. The Company primarily operates through two segments. The Bitcoin Mining Business segment is principally engaged in crypto mining operation. The Company is rewarded with bitcoins from mining pools in exchange for the hash calculation to the mining pool operators. The Company has deployed its mining operation across strategic locations including North America, Africa and Asia. The Automobile and Related Business segment is engaged in the operation of an online international used car export business through AutoCango.com to provide pre-sale automobile trading solutions and post-sale after-market services facilitation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Cango Sells 4,451 Bitcoins for $305 Million to Strengthen Balance Sheet
- Bitcoin Sale: Cango successfully sold 4,451 Bitcoins over the weekend, generating approximately $305 million in net proceeds in USDT, aimed at strengthening the company's balance sheet and reducing financial leverage to support future strategic expansions.
- Strategic Pivot: The company plans to gradually deploy modular GPU compute nodes through its globally connected grid infrastructure to meet the AI computing needs of small and medium enterprises, which is expected to significantly enhance its market competitiveness.
- Executive Appointment: Cango appointed Jack Jin as the Chief Technology Officer for its AI business line, whose extensive experience in AI/ML infrastructure and large-scale GPU systems will drive the development of the company's AI initiatives, particularly in high-performance computing and resource utilization efficiency.
- Ongoing Mining Operations: Despite the partial Bitcoin divestment, Cango remains committed to enhancing mining economics and seeks an optimal balance between hashrate scale and operational efficiency to ensure long-term value creation.
See More
Cango Inc. Transforms from Bitcoin Miner to AI Compute Platform
- Strategic Transformation Plan: Cango Inc. announced its shift from a global Bitcoin miner to an AI compute infrastructure platform, planning to standardize and efficiently deploy modular GPU nodes for rapid on-demand compute capacity, which is expected to significantly enhance market competitiveness.
- Key Milestones Achieved: Over the past year, the company has achieved a hashrate efficiency of 50 EH/s, secured 50 MW of energy infrastructure, and completed its transition to a direct NYSE listing, laying a solid foundation for future AI compute objectives.
- Market Demand Response: Leveraging its global mining operations and infrastructure, Cango aims to address the
See More
Cango Completes Sale of 4,451 Bitcoins for $305 Million
- Bitcoin Sale: Cango successfully sold 4,451 Bitcoins over the weekend, generating approximately $305 million in USDT net proceeds, which will be used to partially repay a Bitcoin-collateralized loan, thereby strengthening the company's financial position and reducing leverage.
- Strategic Pivot: The company is executing a phased deployment of modular GPU compute nodes through its globally accessed grid-connected infrastructure to meet the AI compute demands of small and medium enterprises, which is expected to significantly enhance its market competitiveness.
- Executive Appointment: Cango appointed Jack Jin as the Chief Technology Officer for its AI business line; his extensive experience in AI/ML infrastructure and large-scale GPU systems will drive the development of a global distributed inference platform.
- Ongoing Mining Operations: Despite the partial Bitcoin divestment, Cango remains committed to enhancing mining economics and seeks an optimal balance between hashrate scale and operational efficiency to support long-term value creation.
See More
Cango Releases Bitcoin Mining Update for January 2026
- Bitcoin Production Decline: In January 2026, Cango produced 496.35 Bitcoins, down from 569 in December 2025, reflecting the impact of extreme weather on operations while demonstrating the company's ability to maintain relatively stable output in adversity.
- Average Daily Production: The average daily Bitcoin production in January was 16.0, a decrease from 18.35 in December; however, Cango managed to mitigate operational challenges through network difficulty adjustments, ensuring continued production capacity.
- Holding and Sales Overview: By the end of January, Cango held 7,474.67 Bitcoins, slightly down from 7,528.3 the previous month, while selling 550 Bitcoins indicates the company's flexibility in managing liquidity to support its expansion plans.
- Hashrate Stability: Despite a drop in average operational hashrate to 37.02 EH/s from 43.36 EH/s in December, Cango maintained a total hashrate of 50 EH/s, showcasing its resilience and adaptability under extreme weather conditions.
See More
Cango Inc. Releases Bitcoin Production Update for January 2026
- Bitcoin Production Update: In January 2026, Cango Inc. produced 496.3 Bitcoins, a decrease from 569 in December 2025, primarily due to operational disruptions caused by extreme weather, although adjustments in network difficulty partially mitigated this impact.
- Average Daily Production: The average daily Bitcoin production in January was 16.0, down from 18.35 in the previous month, reflecting production challenges under adverse weather conditions that affected overall efficiency.
- Holding and Sales Figures: As of the end of January, Cango held 7,474.6 Bitcoins and sold 550 in January, indicating the company's strategic flexibility in maintaining liquidity to support its growth initiatives.
- Future Development Strategy: Cango plans to selectively sell newly mined Bitcoins to support the expansion of its inference platform and other short-term growth initiatives, aiming to seize new business opportunities and manage liquidity more adeptly.
See More
Cango Releases Bitcoin Production Report for January 2026
- Bitcoin Production Overview: In January 2026, Cango produced 496.35 bitcoins, a decrease from 569 in December 2025, primarily due to downtime caused by extreme weather in North America; however, the company maintained a relatively stable production level despite these challenges.
- Increased Daily Production: The average daily bitcoin production in January was 16.0, up from 18.35 in December, indicating that the company is optimizing production efficiency even in adverse conditions, thereby enhancing its market competitiveness.
- Bitcoin Holdings and Sales: By the end of January, Cango held a total of 7,474.67 bitcoins and sold 550 in January, reflecting the company's proactive asset management to support future growth strategies.
- Flexible Sales Strategy: Cango plans to selectively sell newly mined bitcoins to support its inference platform expansion and other short-term growth initiatives, which will help the company seize new business opportunities and improve liquidity management.
See More
Cango Sells 4,451 Bitcoins for $305 Million to Strengthen Balance Sheet
- Bitcoin Sale: Cango successfully sold 4,451 Bitcoins over the weekend, generating approximately $305 million in net proceeds in USDT, aimed at strengthening the company's balance sheet and reducing financial leverage to support future strategic expansions.
- Strategic Pivot: The company plans to gradually deploy modular GPU compute nodes through its globally connected grid infrastructure to meet the AI computing needs of small and medium enterprises, which is expected to significantly enhance its market competitiveness.
- Executive Appointment: Cango appointed Jack Jin as the Chief Technology Officer for its AI business line, whose extensive experience in AI/ML infrastructure and large-scale GPU systems will drive the development of the company's AI initiatives, particularly in high-performance computing and resource utilization efficiency.
- Ongoing Mining Operations: Despite the partial Bitcoin divestment, Cango remains committed to enhancing mining economics and seeks an optimal balance between hashrate scale and operational efficiency to ensure long-term value creation.
See More
Cango Inc. Transforms from Bitcoin Miner to AI Compute Platform
- Strategic Transformation Plan: Cango Inc. announced its shift from a global Bitcoin miner to an AI compute infrastructure platform, planning to standardize and efficiently deploy modular GPU nodes for rapid on-demand compute capacity, which is expected to significantly enhance market competitiveness.
- Key Milestones Achieved: Over the past year, the company has achieved a hashrate efficiency of 50 EH/s, secured 50 MW of energy infrastructure, and completed its transition to a direct NYSE listing, laying a solid foundation for future AI compute objectives.
- Market Demand Response: Leveraging its global mining operations and infrastructure, Cango aims to address the
See More
Cango Completes Sale of 4,451 Bitcoins for $305 Million
- Bitcoin Sale: Cango successfully sold 4,451 Bitcoins over the weekend, generating approximately $305 million in USDT net proceeds, which will be used to partially repay a Bitcoin-collateralized loan, thereby strengthening the company's financial position and reducing leverage.
- Strategic Pivot: The company is executing a phased deployment of modular GPU compute nodes through its globally accessed grid-connected infrastructure to meet the AI compute demands of small and medium enterprises, which is expected to significantly enhance its market competitiveness.
- Executive Appointment: Cango appointed Jack Jin as the Chief Technology Officer for its AI business line; his extensive experience in AI/ML infrastructure and large-scale GPU systems will drive the development of a global distributed inference platform.
- Ongoing Mining Operations: Despite the partial Bitcoin divestment, Cango remains committed to enhancing mining economics and seeks an optimal balance between hashrate scale and operational efficiency to support long-term value creation.
See More
Cango Releases Bitcoin Mining Update for January 2026
- Bitcoin Production Decline: In January 2026, Cango produced 496.35 Bitcoins, down from 569 in December 2025, reflecting the impact of extreme weather on operations while demonstrating the company's ability to maintain relatively stable output in adversity.
- Average Daily Production: The average daily Bitcoin production in January was 16.0, a decrease from 18.35 in December; however, Cango managed to mitigate operational challenges through network difficulty adjustments, ensuring continued production capacity.
- Holding and Sales Overview: By the end of January, Cango held 7,474.67 Bitcoins, slightly down from 7,528.3 the previous month, while selling 550 Bitcoins indicates the company's flexibility in managing liquidity to support its expansion plans.
- Hashrate Stability: Despite a drop in average operational hashrate to 37.02 EH/s from 43.36 EH/s in December, Cango maintained a total hashrate of 50 EH/s, showcasing its resilience and adaptability under extreme weather conditions.
See More
Cango Inc. Releases Bitcoin Production Update for January 2026
- Bitcoin Production Update: In January 2026, Cango Inc. produced 496.3 Bitcoins, a decrease from 569 in December 2025, primarily due to operational disruptions caused by extreme weather, although adjustments in network difficulty partially mitigated this impact.
- Average Daily Production: The average daily Bitcoin production in January was 16.0, down from 18.35 in the previous month, reflecting production challenges under adverse weather conditions that affected overall efficiency.
- Holding and Sales Figures: As of the end of January, Cango held 7,474.6 Bitcoins and sold 550 in January, indicating the company's strategic flexibility in maintaining liquidity to support its growth initiatives.
- Future Development Strategy: Cango plans to selectively sell newly mined Bitcoins to support the expansion of its inference platform and other short-term growth initiatives, aiming to seize new business opportunities and manage liquidity more adeptly.
See More
Cango Releases Bitcoin Production Report for January 2026
- Bitcoin Production Overview: In January 2026, Cango produced 496.35 bitcoins, a decrease from 569 in December 2025, primarily due to downtime caused by extreme weather in North America; however, the company maintained a relatively stable production level despite these challenges.
- Increased Daily Production: The average daily bitcoin production in January was 16.0, up from 18.35 in December, indicating that the company is optimizing production efficiency even in adverse conditions, thereby enhancing its market competitiveness.
- Bitcoin Holdings and Sales: By the end of January, Cango held a total of 7,474.67 bitcoins and sold 550 in January, reflecting the company's proactive asset management to support future growth strategies.
- Flexible Sales Strategy: Cango plans to selectively sell newly mined bitcoins to support its inference platform expansion and other short-term growth initiatives, which will help the company seize new business opportunities and improve liquidity management.
See More
