Canaan
Canaan is an early-stage venture capital firm that invests in visionaries with innovative ideas.
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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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