Cango Inc. Reports January Bitcoin Production Decline Amid Operational Challenges

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

Cango Inc. (NYSE: CANG), a leading Bitcoin miner, has released its update on Bitcoin mining production and operations for January 2026. The company reported a total of 496.35 Bitcoins produced in January, compared to 569.0 Bitcoins in December 2025. The average daily production of Bitcoins was 16.01, down from 18.35 in the previous month.

Despite facing operational challenges 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 enhance liquidity management and capitalize on new business opportunities.

“Extreme cold and snowstorms in key regions of North America led to temporary operational outages and a reduction in our average hash rate,” said Paul Yu, CEO and Director of Cango.

Key Takeaways:

• Total Bitcoins produced in January 2026: 496.35
• Average daily production: 16.01
• Total Bitcoins held: 7,474.67
• Total Bitcoins sold: 550.0

Bitcoin Miners Compete with AI Infrastructure

The rapid rise of artificial intelligence (AI) has created a competitive landscape for Bitcoin miners, who are now leveraging their existing infrastructure to adapt to the growing demand for AI capabilities. Companies like HIVE Digital Technologies are transitioning their Bitcoin mining facilities into Tier-III data centers suitable for AI applications. This shift allows miners to capitalize on the increasing energy and space requirements for AI, which are projected to rise significantly in the coming years.

According to Goldman Sachs, the energy demand from data centers is expected to increase by 175% by 2030, while Deloitte estimates that AI-related power consumption in the U.S. could grow from 4 gigawatts in 2024 to 123 gigawatts by 2035. This presents a unique opportunity for Bitcoin miners, who already control substantial energy resources and can deploy data centers more rapidly than traditional tech companies.

“Tier-I data centers are not solely for Bitcoin mining; they are flexible industrial energy shells that can provide the foundation for everything from manufacturing control systems to energy trading infrastructure,” stated Frank Holmes, Executive Chairman of HIVE Digital Technologies.

Key Insights:

• AI infrastructure contracts signed by Bitcoin miners exceeded $65 billion in 2025.
• AI workloads could generate up to 25 times higher revenue per kilowatt-hour compared to Bitcoin mining.
• Approximately 70% of mining companies are integrating AI infrastructure into their portfolios.

Michael Burry Warns of Bitcoin's Potential Downward Spiral

Michael Burry, known for his critical stance on Bitcoin, has issued a warning regarding a potential "death spiral" for the cryptocurrency. In a recent podcast, he stated that Bitcoin lacks intrinsic value and compared its speculative nature to the tulip mania of the 1630s. Burry highlighted that if Bitcoin prices fall below $70,000, companies holding significant Bitcoin assets could face severe financial difficulties.

He pointed out that firms like Strategy, which holds 713,502 BTC, are already in the red at current prices. Burry believes that a drop below $60,000 could lead to increased selling pressure from these companies, further exacerbating the decline in Bitcoin's value. He emphasized that there is no organic reason for Bitcoin to halt its descent, raising concerns about the sustainability of its current market position.

“There is nothing that should force Bitcoin to slow or stop its decline,” warned Michael Burry.

Summary of Burry's Concerns:

• Bitcoin's speculative nature could lead to a significant market downturn.
• Falling prices may trigger selling from companies holding large Bitcoin reserves.
• Potential for increased financial strain on mining companies if prices drop below $50,000.

Bitcoin Price Drops Below $73,000, Mining Stocks Decline

Recent market trends have seen Bitcoin prices fall below $73,000, leading to a significant decline in mining stocks. The macroeconomic environment has intensified pressure on the cryptocurrency market, causing concerns among investors. As Bitcoin struggles to maintain its value, mining companies are facing challenges that could impact their operational viability.

The decline in Bitcoin's price has raised alarms about the sustainability of mining operations, particularly for those heavily reliant on the cryptocurrency's value for revenue. The situation underscores the volatility of the market and the potential risks associated with Bitcoin investments.

Market Overview:

• Bitcoin price currently around $72,000.
• Mining stocks experiencing double-digit declines.
• Increased macroeconomic concerns affecting investor sentiment.

Sources:

• Cango Inc. gibt Update zur Bitcoin-Produktion und zum Mining-Betrieb im Januar 2026 bekannt
• Energie, Tempo, Fläche: So schlagen Bitcoin-Miner die KI-Konkurrenz
• Ab 70.000 US-Dollar: Michael Burry warnt vor Bitcoin-Todesspirale
• Bitcoin rutscht unter 73.000 US-Dollar – Mining-Aktien brechen zweistellig ein, Makro-Sorgen verschärfen den Druck
• IREN’s Strategic Pivot: From Cryptocurrency Mining to AI Infrastructure
• Bitcoin Prognose: Mining für Alle? Tether veröffentlicht Open-Source-System