Canaan Inc. Announces Record Bitcoin Production Milestones
Canaan Inc. Announces Record Bitcoin Production Milestones
Deployed hashrate climbs to historic high of 9.30 EH/s
Cryptocurrency treasury reaches record 1,582 BTC and 2,830 ETH
Largest miner order in three years secured
Canaan Inc. (NASDAQ: CAN), an innovator in the cryptocurrency mining sector, recently shared insights regarding its bitcoin mining operations for the month ending September 30, 2025. The company reported a surge in both production and operational efficiency, signaling its strong position in the evolving digital currency market.
Management Insights on Mining Progress
"September marked another month of meaningful progress, highlighted by further gains in mining efficiency," stated Nangeng Zhang, chairman and chief executive officer of Canaan. The implementation of the latest-generation bitcoin mining technology has seen efficiency in North America improve to 19.7 J/TH. In the past month, the company successfully mined 92 bitcoins and expanded its self-mining fleet to an impressive 9.30 EH/s deployed and 7.84 EH/s operational. This growth was driven significantly by advancements in their mining operations in both the U.S. and African regions. Zhang also shared news of a strategic alliance with Soluna Holdings, aimed at enhancing renewable energy initiatives through a 20 MW partnership in Texas, showcasing Canaan's dedication to sustainable mining practices.
As of the end of September, Canaan reported a remarkable cryptocurrency treasury consisting of 1,582 bitcoins and 2,830 ETH. This accomplishment underscores the company’s disciplined accumulation strategy and operational efficiency, with a competitive average power cost maintained across its global mining sites.
Key Metrics and Operational Achievements
In the latest report, the extracted metrics from September's bitcoin mining operations revealed:
- Bitcoins mined during the month: 92 Bitcoins
- Treasure at month-end: 1,582 Bitcoins and 2,830 ETH owned
- Month-end deployed hashrate: 9.30 EH/s
- Operating hashrate: 7.84 EH/s
- Average revenue split: 57.7%
- Average all-in power cost: US$0.042/kWh
Infrastructure Expansion and Future Plans
Additionally, Canaan's September report outlined infrastructural updates, indicating notable efficiencies across various operational regions. The month-end average miner efficiency reached 19.7 J/TH in North America, demonstrating the significant investment in technology and infrastructure.
Furthermore, Canaan emphasized the importance of renewable energy by continuing to enhance its operations in Africa while effectively navigating seasonal challenges. The company is focused on sustainable growth, and the partnership with Soluna is critical in that pursuit.
Recent Strategic Partnerships and Corporate Updates
Canaan recently announced a groundbreaking partnership with Soluna Holdings to deploy 20 MW of Avalon A15 XP bitcoin miners at Soluna’s wind-powered Project Dorothy data center in Texas. Expected to roll out in the first quarter of 2026, this collaboration not only reinforces Soluna's renewable infrastructure but also amplifies Canaan's strategy in North America.
The company also secured a significant U.S. purchase order for over 50,000 Avalon A15 Pro mining machines, marking Canaan's largest single order in the past three years. Scheduled for delivery in the fourth quarter of 2025, this milestone reaffirms market confidence in Canaan's technology and strengthens its position amid the recovery phase within the U.S. bitcoin mining industry.
About Canaan Inc.
Founded in 2013, Canaan Inc. (NASDAQ: CAN) specializes in the design and development of high-performance computing chips and mining equipment, with a strong emphasis on ASIC technology. As a pioneer, Canaan successfully launched the world’s first batch of ASIC-based mining machines under the Avalon brand. The company transitioned to public trading on the Nasdaq Global Market in 2019, marking a significant phase in its growth journey. For more information about Canaan, please visit the official website.
Frequently Asked Questions
What is the recent hashrate achievement of Canaan Inc.?
Canaan Inc. achieved a historic hashrate of 9.30 EH/s deployed as of September 2025.
How much bitcoin does Canaan currently hold?
The company currently holds 1,582 bitcoins and 2,830 ETH in its treasury.
What partnership was recently formed to enhance Canaan's mining capabilities?
Canaan formed a strategic partnership with Soluna Holdings to deploy 20 MW of bitcoin miners at a wind-powered data center in Texas.
What was the significant order recently secured by Canaan?
Canaan secured a landmark order for over 50,000 Avalon A15 Pro mining machines—the largest in three years.
In which areas does Canaan have mining operations?
Canaan has mining operations in North America and Africa, focusing on efficiency and renewable energy practices.
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