Catenaa, Thursday, January 08, 2026- Bitcoin miner Cango Inc. reported producing 569 BTC in December, raising its total holdings to 7,528.3 BTC, worth over $700 million as bitcoin trades above $93,000.
Average daily production rose to 18.35 BTC, up from 18.22 BTC in November, as network difficulty adjustments boosted output.
Cango maintained a deployed hashrate of 50 exahashes per second, with average operating hashrate slightly declining to 43.36 EH/s from 44.38 EH/s.
CEO Paul Yu said the higher production helped strengthen the company’s bitcoin reserves and support stable operations. Cango continues to hold its BTC long term, with no immediate plans to sell.
A major shareholder committed $10.5 million to increase its investment in January 2026, intended to enhance mining efficiency and expand Cango’s energy infrastructure and AI compute services.
The miner operates across more than 40 sites in North America, the Middle East, South America, and East Africa, having entered bitcoin mining in late 2024 alongside its international used car export business.
The December update follows a strong third-quarter performance, when rising bitcoin output drove revenue gains. Despite operational growth, Cango’s stock has declined roughly 44% over the past year.
The company highlighted its focus on long-term capacity, leveraging stable hashrate deployment and production efficiency to support continued expansion in mining and related infrastructure.
