Bitcoin miner Cango published its January 2026 production update on Tuesday, revealing a decline in Bitcoin output due to severe weather conditions across North America.
The company produced 496.35 Bitcoin in January, a decrease from the 569.0 mined in December 2025. Leading to the decreased bitcoin output, the miner’s average operating hashrate fell to 37.02 EH/s from 43.36 EH/s the previous month.
CEO Paul Yu attributed the downtime and reduced hashrate to “extreme cold and blizzards across key North American regions.” Yu noted that favorable network difficulty adjustments “partially offset these challenges.”
Cango sold 550.03 Bitcoin in January, generating capital to support its expansion into AI/HPC. This marks a significant change from December 2025, when the company sold zero Bitcoin. Total Bitcoin holdings decreased slightly to 7,474.6 at month-end from 7,528.3.
Management indicated the sales are part of a plan to “selectively sell a portion of newly mined Bitcoin” to support “near-term growth initiatives.” Specifically, the proceeds will fund the expansion of the company’s inference platform.
