Canaan Mines 46 BTC in July, Global Hasrate Reaches Record High
Canaan Inc., a prominent bitcoin mining company, reported an impressive July 2026 mining performance. The firm mined 46 BTC during the month, with its global operating hashrate reaching a significant 14.24 EH/s. This achievement is notable, considering the challenges posed by wildfires at one of their facilities.
The company's North American non-JV fleet maintained an average miner efficiency of 17.9 J/TH throughout July, while joint venture operations in West Texas continued to stabilize after the disruption. Canaan's average all-in power cost across its portfolio was a relatively low US$0.043/kWh.
The company also took steps to strengthen its financial position by authorizing share repurchases funded by digital assets and receiving an additional 180-day compliance period from Nasdaq regarding minimum bid price requirements.