Canaan2026-09-14 13:12:56Canaan mined 44 BTC in August after selling all 3,952 ETH and 54 BTCCanaan released its bitcoin mining and operating figures for August, reporting that it mined 44 BTC during the month. The company said its month-end computing power for non-joint-venture projects held at 10.05 EH/s, while installed computing power for joint-venture projects rose to 4.92 EH/s. Average all-in power cost in August came to $0.043 per kilowatt-hour. By the end of the month, Canaan held 1,868 BTC and no longer held any ETH. The company said it sold all 3,952 ETH and 54 BTC in late August at average prices of about $2,400 and $79,000, generating roughly $13.9 million in cash. It then used $5.4 million of that amount to repurchase about 13.6 million ADS, bringing total buybacks since the start of the year to about 16.4 million ADS. Canaan also said computing equipment for its waste-heat greenhouse project in Canada has arrived on site and installation has begun. The company plans to put the project into operation before the winter heating season and said it will keep allocating capital across bitcoin mining, digital asset management, and energy-efficiency projects.1200
Canaan2026-09-08 15:29:20Canaan Reports Q2 Revenue of $31.9M with $97.6M Net Loss, Bitcoin Reserves Reach 1,915 BTCCanaan Inc. (NASDAQ: CAN) released its unaudited financial results for the three months ended June 30, 2026. Total Q2 revenue came in at $31.9 million, down sharply from $62.7 million in Q1 and $100.2 million in the year-ago quarter. The company posted a net loss of $97.6 million and a non-GAAP adjusted EBITDA loss of $74.9 million. Self-operated mining hashrate reached 10.05 EH/s, up 23.3% year-over-year, producing 243 BTC during the quarter. Crypto reserves stood at 1,915 BTC and 3,952 ETH. The company had repurchased approximately 16.4 million ADSs for a total of $7.4 million as of September 8, 2026.1470
