Canaan Inc. Provides August 2026 Bitcoin Production and Mining Operation Updates
Canaan mined 44 BTC in August and ended the month with 1,868 BTC on balance sheet, holding non-JV installed hashrate flat at 10.05 EH/s at a competitive all-in power cost of $0.043/kWh. The company sold its entire Ethereum treasury of 3,952 ETH plus 54 BTC at average prices of roughly $2,400 per ETH and $79,000 per BTC, generating about $13.9 million in cash. It deployed $5.4 million of the proceeds to repurchase 13.6 million ADSs in late August, bringing year-to-date buybacks to approximately 16.4 million ADSs.
Key figures
- Btc sold
- 54
- Eth sold
- 3952
- Btc mined
- 44
- Ethiopia status
- operations paused; 4.96 EH/s remains in installed hashrate
- Avg btc sale price
- $79,000
- Avg eth sale price
- $2,400
- Ads repurchased ytd
- 16.4 million
- Average revenue split
- 60.6%
- Ads repurchased august
- 13.6 million
- Btc holdings month end
- 1868
- Buyback spend deployed
- $5.4 million
- Eth holdings month end
- 0
- Treasury sale proceeds
- $13.9 million
- All in power cost per kwh
- 0.043
- Jv installed hashrate ehs
- 4.92
- Jv operating hashrate ehs
- 4.11
- Non jv installed hashrate ehs
- 10.05
- Global installed computing power
- 14.96 EH/s
- Global operating computing power
- 14.15 EH/s
- Global estimated total computing power
- 15.23 EH/s
AI analysis
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