Canaan Inc. Mines 46 BTC in July, Boosts Cryptocurrency Treasury

Canaan Inc., a technology company specializing in ASIC high-performance computing chip design and production, has released its unaudited bitcoin mining update for July 2026. According to the report, the company mined 46 BTC during the period, bringing its cryptocurrency treasury to 1,917 BTC and 3,952 ETH.

Nangeng Zhang, chairman and CEO of Canaan Inc., commented on the month's performance, saying, 'July was a month of continued operational discipline as we navigated a dynamic mining environment.' The company's North American non-JV fleet maintained an average miner efficiency of 17.9 J/TH during this period.

Canaan also reported that its joint venture operations have been steadily increasing their operating hashrate to 4.20 EH/s and installed hashrate reaching 4.85 EH/s at month-end. The company's CEO emphasized the significance of its mining operations, stating, 'We view our mining operations as more than a source of computing capacity.'