Cango Inc. Faces Operational Hurdles, Sees Drop in Bitcoin Production

Cango Inc. Updates on Bitcoin Production and Mining Operations for January 2026

Cango Inc. (NYSE: CANG), a leading Bitcoin miner, has released its update regarding Bitcoin mining production and activities for January 2026. The company reported a total of 496.35 Bitcoins produced in January, a decrease from 569.0 Bitcoins in December 2025. The average daily production of Bitcoins also saw a decline, with 16.01 Bitcoins produced per day compared to 18.35 in the previous month.

Despite facing operational disruptions due to extreme cold and snowstorms in key regions of North America, Cango managed to mine nearly 500 BTC during the month. The company plans to selectively sell a portion of the newly mined Bitcoins to support the expansion of its inference platform and other short-term growth initiatives. This strategic flexibility is expected to help Cango capitalize on new business opportunities and manage liquidity more effectively.

“The favorable adjustments in network difficulties have partially offset these challenges,” said Paul Yu, CEO and Director of Cango.

Key Insights: Cango produced 496.35 Bitcoins in January 2026, down from 569.0 in December 2025. The company plans to sell some of its mined Bitcoins to support growth initiatives.

Bitcoin Cash Surges Above $560 Amid Market Shifts

Bitcoin Cash (BCH) has made a significant leap, rising over 12% to secure a position above $560, making it one of the top gainers in the cryptocurrency market. This surge is attributed to a shift in mining profitability, where it has become more lucrative to mine BCH compared to Bitcoin (BTC). The recent market downturn prompted investors to reallocate their portfolios, leading to increased interest in BCH.

During the week, BCH's price fluctuated, initially dropping from around $540 to a low of $493 before rebounding with a strong rally on Friday. This recovery was characterized by a notable accumulation phase, indicating that traders are actively seeking opportunities in BCH as the market stabilizes.

Key Insights: BCH's price rose over 12% to above $560, driven by increased mining profitability and a shift in investor interest. The cryptocurrency is experiencing a significant accumulation phase.

Boris Palmer Calls for Bitcoin Ban Amidst Controversy

In a recent public discussion, Boris Palmer, a politician from the Green Party, has called for a ban on Bitcoin, citing concerns over crime, energy consumption, and state control. This statement has sparked significant debate, particularly regarding the feasibility of such a ban given Bitcoin's decentralized nature and the potential collateral damage to innovation and the economy.

Palmer's arguments highlight the ongoing tension between regulation and freedom in the cryptocurrency space. He emphasizes that Bitcoin is often associated with criminal activities, although data from blockchain analysis firms suggest that illegal transactions represent a small fraction of overall Bitcoin usage. Furthermore, Palmer's claims about Bitcoin's energy consumption have been met with scrutiny, as comparisons to entire countries depend heavily on the methodology used.

“Bitcoin is a criminal system,” Palmer stated, igniting discussions about the implications of such a ban.

Key Insights: Boris Palmer's call for a Bitcoin ban raises questions about regulation versus freedom in the crypto space. His arguments focus on crime and energy consumption, but data suggests a more nuanced reality.

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