In February, the operational hashrate of mining company Cango averaged 34.55 EH/s, with deployed capacity at 50 EH/s.

📢 $CANG February Computing & Energy Operations Update:

In February, we produced 454.83 BTC, with deployed hashrate maintained at 50 EH/s as of month-end. Our total Bitcoin holdings now stand at 3,313.4 BTC.

As we move from pure-play Bitcoin mining to global AI and… pic.twitter.com/CtDgNc64fO

— CANGO (@Cango_Group) March 6, 2026

The company attributed the approximately 30% reduction from nominal levels to "downtime related to optimization and relocation of the fleet." Reasons for the shutdowns included:

  • revising hosting agreements;
  • upgrading equipment;
  • selling off some units;
  • relocating operations to regions with lower electricity costs.

During the month, Cango mined 454.83 BTC, with a balance of 3,313.4 BTC as of February 28.

Following a rise in mining difficulty on February 19, which increased by nearly 15%, the hashrate price fell from a range of $33-35 per PH/s per day to below $30. The metric briefly recovered in early March as the price of the leading cryptocurrency rose above $70,000.

Source: Hashrate Index.

The average hashrate cost for Cango's equipment is around $40 per PH/s per day, noted experts from TheEnergyMag.

The company's fleet consists mainly of a significant number of Bitmain's Antminer S19 XP ASIC miners, installed at sites managed by the manufacturer. This business model allowed the company to rapidly scale its hashrate to 50 EH/s without the need to invest capital and time in building data centers, but it also made them dependent on hosting rates, the publication emphasized.

According to the Bitmain-affiliated pool Antpool, an S19 XP unit operates at a loss with electricity costs of $0.08 per kWh. 

Source: Antpool.

At the beginning of February, Cango sold 4,451 BTC on the open market, about 60% of its accumulated crypto reserves. The company announced plans to expand into AI services.

Bitcoin Difficulty Halts Growth

On March 5, following another recalculation, the mining difficulty of the leading cryptocurrency changed little, increasing by 0.45%.

Source: CloverPool.

The metric reached 145.04 TH, which is 7% below the historical maximum of 155.97 TH recorded at the end of October 2025.

Since that month, Bitcoin's hashrate (seven-day moving average) has shown a consistent downward trend. From a peak of 1.15 ZH/s, computational power has decreased to 1.02 ZH/s. The deep drop and rapid recovery in February were caused by the effects of a winter storm in the U.S.

Source: Glassnode.

The maintenance of the difficulty level at nearly the same mark means that for about the next two weeks, the profitability of mining the leading cryptocurrency will be determined by its market price. The current forecast for the metric is growth of less than 1%.

It is worth noting that over the past five months, public mining companies have sold more than 15,000 BTC, according to TheEnergyMag. Experts expect increased selling pressure.