Bitcoin Mining Revenue Declines, Miner Cango Forced to Significantly Cut Computing Power

AirdropHunterZhang · 2026-03-20T09:00:40+00:00

Bitcoin miner Cango has launched a computing power optimization plan due to profitability pressures, reducing average hash rate from 50 EH/s to 34.55 EH/s. This adjustment reflects industry-wide challenges, as miners respond to profitability pressures by reducing operational scale and improving energy efficiency, signaling potential further industry capacity adjustments to find a new equilibrium.

AirdropHunterZhang

2026-03-20 09:00:40

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Recently, industry observers have noticed that Bitcoin miner Cango has made significant adjustments amid mounting pressure on mining profits. According to data analysis platform NS3.AI, the miner has initiated a hash rate reduction plan, cutting its computational power by up to 30%.

Hash rate sharply reduced, 30% of mining capacity退出

Cango has lowered its average operational hash rate from the previously deployed 50 EH/s (Exahashes per second) to 34.55 EH/s, reflecting the current difficulties faced by the Bitcoin mining industry. This is not an isolated event but a common response across the industry when profitability models come under pressure.

Cost optimization drives, profit margins force mining strategy adjustments

According to official statements, this significant reduction is part of the company’s strategy to optimize equipment efficiency. In the context of squeezed mining revenue, miners are responding by scaling down operations and improving energy efficiency per unit. This approach indicates that the profitability of Bitcoin mining has become a key factor constraining industry growth, prompting participants to reassess and adjust their operational strategies. Cango’s move also suggests that more capacity adjustments may occur within the industry as it seeks new balance points in a complex market environment.

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