Canaan
Canaan is an early-stage venture capital firm that invests in visionaries with innovative ideas.
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AI security operations startup Mate Security completes $35 million Series A financing, total funding exceeds $50 million
According to TNW, AI security operations startup Mate Security announced the completion of a $35 million Series A funding round led by Canaan Partners, with participation from Insight Partners, Team8, and Microsoft's venture fund M12, bringing total funding to over $50 million. This comes less than a year after the company emerged from stealth mode. Mate Security was founded by former employees of Wiz and Microsoft. Its core product is the "Security Context Graph," which empowers AI security agents with business context by building an organizational knowledge layer, enabling them to make judgments based on actual enterprise operational conditions when handling alerts, effectively reducing false positive rates.
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CleanSpark, BitFuFu, and Canaan See Month-on-Month Decline in Bitcoin Production for June, Despite Over 10% Drop in Mining Difficulty
According to Odaily, publicly listed bitcoin mining companies CleanSpark, BitFuFu, and Canaan have disclosed their June operational data, revealing that all three companies experienced a decline in bitcoin production compared to May. Specifically, CleanSpark mined 614 BTC in June, down from 671 BTC in May; BitFuFu mined 125 BTC, down from 177 BTC the previous month; and Canaan mined 64 BTC, down from 90 BTC in the prior month. CleanSpark’s average operational hashrate in June fell from 46 EH/s to approximately 43 EH/s; BitFuFu’s total hashrate dropped from 19.5 EH/s to 15 EH/s, while its proprietary hashrate rose to 3.5 EH/s. Canaan attributed part of the production decline to grid maintenance at some of its mining sites. This production downturn occurred after Bitcoin mining difficulty was reduced by over 10% in mid-June, reaching a new low for 2026.
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Canaan Inc. adds 48 BTC to holdings, total holdings reach 1,915 BTC
: BitcoinTreasuries.NET posted on platform X stating that Singapore-listed Bitcoin mining company Canaan Inc. has added 48 BTC to its holdings, now holding a total of 1,915 BTC, ranking 33rd in the Bitcoin 100 Ranking.
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Canaan Inc. produced 64 BTC in June, holdings rose to 1,915 BTC and 3,952 ETH
Canaan announced June 2026 mining operation data: a total of 64 Bitcoins were mined during the month. As of June 30, crypto asset reserves increased to 1,915 Bitcoins and 3,952 Ethereum, both at relatively high levels.
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Canaan Inc. ADS Transfers to NASDAQ Capital Market and Applies for Extension of Minimum Bid Price Compliance Period
According to PRNewswire, Bitcoin mining company Canaan Inc. announced that its American Depositary Shares (ADS) have officially transferred from the Nasdaq Global Market to the Nasdaq Capital Market. The stock ticker CAN remains unchanged, and the transfer will not affect its normal trading.
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Canaan CEO and CFO collectively purchased 1,065,000 American Depositary Shares
According to PR Newswire, Canaan Inc. announced that Zhang Nangeng, the company’s Chairman and CEO, and CFO Cheng Jin recently purchased a total of 1,065,000 American Depositary Shares (ADSs) in the open market at an average price of $0.35 per share. The company stated that this purchase complies with its insider trading policy and applicable securities regulatory requirements, reflecting management’s confidence in the company’s long-term strategy and future prospects.
Canaan Inc. Produces 90 BTC from Self-Mined Mining in May, Bitcoin Holdings Reach 1,867 BTC
Nasdaq-listed Bitcoin mining company Canaan Inc. released its Bitcoin mining update for May 2026, disclosing self-mined production of 90 BTC. Additionally, 24 BTC came from customer payments. As of the end of May, the company held 1,867 BTC and 3,952 ETH in its crypto asset reserves. (PRNewswire)
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Canaan Inc. Releases Q1 2026 Financial Results: Total Revenue of $62.7 Million, Cryptocurrency Reserves Reach New High
Canaan Inc. announced its first-quarter 2026 financial results. The report shows total revenue of $62.7 million, in line with prior guidance; net loss amounted to $88.7 million. As of March 31, 2026, the company’s cryptocurrency reserves reached a record high of 1,807.60 bitcoins and 3,951.53 ether. Operationally, the aggregate installed hash rate capacity across the company’s ten co-mining projects reached approximately 11 EH/s, representing a 10.7% sequential increase; the company mined 257 bitcoins during the quarter. Strategically, Canaan acquired a 49% equity stake in the ABC project located in West Texas from Cipher Mining; the project-level operational hash rate stands at approximately 4.4 EH/s. Additionally, the company deployed a “hash-rate-to-thermal-energy” project in Northern Europe, with a planned total capacity of approximately 8 megawatts. Canaan expects total revenue for the second quarter of 2026 to range between $35 million and $45 million.
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Canaan Inc. holds 1,826 BTC and 3,952 ETH; proprietary mining produced 90 BTC in April
Canaan Inc. has released its Bitcoin mining business update for April 2026. As of April 30, 2026, Canaan's balance sheet cryptocurrency holdings reached an all-time high of 1,826 Bitcoin and 3,952 Ethereum.During April, Canaan's proprietary mining operations produced 90 Bitcoin, with an additional 3 Bitcoin coming from customer payments, while its joint venture operations produced approximately 48 Bitcoin. As of the end of the month, the installed hashrate for non-joint venture operations reached 10.97 EH/s, a year-over-year increase of 34.6%, with an operational hashrate of 6.86 EH/s, up 10.6% year-over-year; the joint venture business had an installed hashrate of 4.82 EH/s and an operational hashrate of 4.35 EH/s. Additionally, on April 28, Canaan received a subsequent order from Tether to provide customized high-density mining hash board modules.
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Canaan Inc.: Cryptocurrency Holdings Reached 1,826 BTC and 3,952 ETH as of End-April
According to PRNewswire, Canaan Inc., a Nasdaq-listed Bitcoin mining company, released an update on its Bitcoin mining operations, disclosing that it mined 90 Bitcoins through its in-house mining operations in April, received an additional 3 Bitcoins from customers as payment, and generated approximately 48 Bitcoins through its joint-venture mining operations that month. As of the end of April, its cryptocurrency holdings reached a record high of 1,826 Bitcoins and 3,952 Ether.
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Tether Develops New Bitcoin Mining Infrastructure, Using Modular Computing Systems to Control Costs and Efficiency
: According to official sources, Tether is expanding its custom computing infrastructure through a new type of modular, high-density mining system aimed at improving the efficiency and performance of large-scale operations. In collaboration with Canaan Inc. and ACME Swisstech, Tether is building systems around specific application-specific hashboard modules and integrating them into its self-developed control architecture, thermal management systems, and software stack.This system, by separating computing from power supplies and enclosures, allows individual components to be independently optimized and reduces energy consumption when combined with immersion cooling technology. Tether CEO Paolo Ardoino stated that this move aims to change the status quo of sealed, fixed-form mining equipment by deploying modular computing units that can be independently tuned, upgraded, and cooled, thereby directly controlling the cost and efficiency of large-scale operations. Zhang Nangeng, Chairman and CEO of Canaan Inc., indicated that its Avalon hashboard modules enable more flexible on-demand deployment, particularly enhancing efficiency and reducing operational complexity in immersion cooling systems. This deployment builds upon Tether's previously developed open-source mining operating system (MOS) and mining software development kit (SDK).
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Canaan Discloses 89 BTC Mined in March; Bitcoin Holdings Reach 1,808 BTC
Canaan Inc. released its Bitcoin mining update report as of March 31, disclosing that it mined 89 BTC in March, holding a total of 1,808 BTC. The company also holds 3,952 ETH. In March, its network added over 10 MW of new installed capacity, bringing its global installed capacity to 266.3 MW.
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