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Project Overview
Cango is mainly engaged in Bitcoin mining business, and its businesses are strategically deployed in North America, the Middle East, South America and East Africa. Driven by advances in blockchain technology, the growing popularity of digital assets and the company's commitment to diversified business portfolio, it entered the crypto assets field in November 2024.
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Bitcoin mining company Cango produced 230.04 BTC in April, with a total holding of 1,057.46 BTC.
Cango Inc., a U.S.-listed Bitcoin mining company, released its operational update for April 2026, reporting that as of April 30, its total operational hash rate stood at 31.58 EH/s—comprising 20.43 EH/s from in-house mining operations and 11.15 EH/s from leased hash rate. In April, the company mined 230.04 Bitcoins through its in-house operations, with an average cash cost per Bitcoin of $68,061. As of the end of April, its Bitcoin holdings totaled 1,057.46 BTC. Cango stated that during April it continued phasing out older S19 miners at select international sites while procuring and deploying S21-series miners to enhance energy efficiency and production efficiency. The company currently operates 26 active sites globally.
Publicly traded Bitcoin mining companies sold over 32,000 BTC in Q1 2026—more than the entire year of 2025
According to Cointelegraph, publicly listed Bitcoin mining companies collectively sold over 32,000 BTC in Q1 2026—exceeding their total sales for all of 2025 and setting a new quarterly record. Data from TheMinerMag indicates that the relevant companies include MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer. The report also notes that the current miner hash price stands at approximately $33 per PH/s per day—below the breakeven level of roughly $35 per PH/s per day for some mining firms. Additionally, according to CryptoQuant data, Bitcoin miners’ reserves have declined from over 1.86 million BTC in 2023 to approximately 1.8 million BTC.