The Bitcoin network hash rate experienced a significant decline of 19.63% during the week of January 23 to January 29, 2026, dropping to an average of 835 EH/s. This decrease, attributed to extreme weather conditions in the United States, marks the largest single-day drop in history, with the hash rate reaching a low of 690 EH/s. Bitcoin's average price also fell by 4.45% to $88,735, with fluctuations between $83,216 and $91,147. Meanwhile, Bitcoin mining company Cango Inc. reported mining 115.4 BTC last week, increasing its total holdings to approximately 7,758 BTC. Cango is listed on the New York Stock Exchange under the ticker CANG.