Canaan Inc. Reports August Bitcoin Mining Update with 44 BTC Mined

Canaan Inc., a leading provider of compute and energy infrastructure, released its unaudited bitcoin mining update for August 2026. The company mined 44 BTC during the month and maintained its non-JV installed hashrate at 10.05 EH/s.

The firm's chairman and CEO, Nangeng Zhang, stated that 'August was a month of steady execution and active capital allocation for the Company.'

Canaan sold all of its Ethereum holdings (3,952 ETH) and 54 BTC near short-term highs, generating approximately $13.9 million in cash.

The company repurchased approximately 13.6 million American Depositary Shares (ADSs), bringing total repurchased ADSs to around 16.4 million since the beginning of the year.

Canaan continues to build toward a more integrated computing and energy platform, with equipment installation underway at its compute heat recovery greenhouse project in Canada.