Canaan Inc. Provides August 2025 Bitcoin Production and Mining Operation Updates
Canaan Inc. (NASDAQ: CAN) reported strong bitcoin mining performance for August 2025, with 98 bitcoins mined, representing a 10% month-over-month increase. The company's bitcoin treasury reached 1,547 bitcoins at month-end.
Canaan achieved significant operational milestones, including a deployed hashrate of 8.6 EH/s and expected computing power exceeding 10 EH/s globally. The company improved efficiency in North America, reducing average miner performance to below 20J/TH. Operations span across 8 active mining projects in multiple regions, with Ethiopia and America being the largest contributors.
Notable developments include a collaboration with Bitfury for a 10MW infrastructure upgrade using Avalon® ASIC kits, and a partnership with Luxor Technology to provide financing solutions, resulting in the sale of over 5,000 Avalon® A15 Pro miners to a U.S.-based institutional client.
Canaan Inc. (NASDAQ: CAN) ha comunicato solide prestazioni nel mining di bitcoin per agosto 2025, con 98 bitcoin estratti, pari a un aumento del 10% rispetto al mese precedente. La tesoreria in bitcoin della società ha raggiunto 1.547 bitcoin a fine mese.
Canaan ha raggiunto importanti traguardi operativi, con un hashrate operativo di 8,6 EH/s e una potenza computazionale prevista superiore a 10 EH/s a livello globale. L’azienda ha migliorato l’efficienza in Nord America, portando le prestazioni medie dei miner a sotto i 20J/TH. Le operazioni si estendono su 8 progetti di mining attivi in più regioni, con Etiopia e America come maggiori contributori.
Tra gli sviluppi rilevanti figurano una collaborazione con Bitfury per un upgrade infrastrutturale da 10MW mediante kit ASIC Avalon®, e una partnership con Luxor Technology per soluzioni di finanziamento, che ha portato alla vendita di oltre 5.000 miner Avalon® A15 Pro a un cliente istituzionale statunitense.
Canaan Inc. (NASDAQ: CAN) informó un sólido rendimiento en la minería de bitcoin durante agosto de 2025, con 98 bitcoins minados, lo que supone un aumento del 10% respecto al mes anterior. La tesorería en bitcoin de la compañía alcanzó las 1.547 bitcoins al cierre del mes.
Canaan logró importantes hitos operativos, incluyendo una tasa de hash desplegada de 8,6 EH/s y una potencia de cálculo esperada superior a 10 EH/s a nivel mundial. La compañía mejoró la eficiencia en Norteamérica, reduciendo el rendimiento promedio de los mineros a por debajo de 20J/TH. Las operaciones abarcan 8 proyectos de minería activos en varias regiones, siendo Etiopía y América los principales contribuyentes.
Entre los avances destaca una colaboración con Bitfury para una actualización de infraestructura de 10MW usando kits ASIC Avalon®, y una alianza con Luxor Technology para ofrecer soluciones de financiación, que resultó en la venta de más de 5.000 mineros Avalon® A15 Pro a un cliente institucional con sede en EE. UU.
Canaan Inc. (NASDAQ: CAN)는 2025년 8월 비트코인 채굴에서 우수한 실적을 보고했으며, 98개 비트코인 채굴으로 전월 대비 10% 증가했습니다. 회사의 비트코인 보유고는 월말 기준 1,547개 비트코인에 달했습니다.
Canaan은 8.6 EH/s의 배포 해시레이트와 전 세계적으로 10 EH/s를 초과할 것으로 예상되는 컴퓨팅 파워 등 주요 운영 성과를 달성했습니다. 북미 지역에서 효율성을 개선하여 평균 채굴기 성능을 20J/TH 이하로 낮췄습니다. 운영은 여러 지역의 8개 활성 채굴 프로젝트에 걸쳐 있으며, 에티오피아와 미국이 주요 기여자입니다.
주요 개발 사항으로는 Avalon® ASIC 키트를 사용한 10MW 인프라 업그레이드를 위해 Bitfury와 협업한 점, 그리고 Luxor Technology와의 파트너십을 통해 금융 솔루션을 제공하여 미국 소재 기관 고객에게 5,000대 이상의 Avalon® A15 Pro 채굴기를 판매한 점이 있습니다.
Canaan Inc. (NASDAQ: CAN) a annoncé de bonnes performances de minage de bitcoin pour août 2025, avec 98 bitcoins minés, soit une hausse de 10% d’un mois sur l’autre. La trésorerie en bitcoins de la société s’élevait à 1 547 bitcoins à la fin du mois.
Canaan a réalisé d’importantes étapes opérationnelles, notamment un taux de hachage déployé de 8,6 EH/s et une puissance de calcul prévue supérieure à 10 EH/s à l’échelle mondiale. La société a amélioré l’efficacité en Amérique du Nord, réduisant la consommation moyenne des mineurs à moins de 20J/TH. Les opérations couvrent 8 projets de minage actifs dans plusieurs régions, l’Éthiopie et l’Amérique étant les principaux contributeurs.
Parmi les développements notables figurent une collaboration avec Bitfury pour une mise à niveau d’infrastructure de 10 MW utilisant des kits ASIC Avalon®, et un partenariat avec Luxor Technology pour proposer des solutions de financement, ce qui a abouti à la vente de plus de 5 000 mineurs Avalon® A15 Pro à un client institutionnel basé aux États-Unis.
Canaan Inc. (NASDAQ: CAN) meldete für August 2025 eine starke Bitcoin-Mining-Performance mit 98 geschürften Bitcoins, was einem Monat-zu-Monat-Anstieg von 10% entspricht. Der Bitcoin-Schatzbestand des Unternehmens belief sich Ende des Monats auf 1.547 Bitcoins.
Canaan erreichte bedeutende operative Meilensteine, darunter eine eingesetzte Hashrate von 8,6 EH/s und eine weltweit erwartete Rechenleistung von über 10 EH/s. Das Unternehmen steigerte die Effizienz in Nordamerika und senkte die durchschnittliche Miner-Leistung auf
Zu den bemerkenswerten Entwicklungen zählen eine Zusammenarbeit mit Bitfury für ein 10MW-Infrastruktur-Upgrade unter Einsatz von Avalon® ASIC-Kits sowie eine Partnerschaft mit Luxor Technology zur Bereitstellung von Finanzierungslösungen, die zum Verkauf von über 5.000 Avalon® A15 Pro-Minern an einen institutionellen Kunden in den USA führte.
- Achieved 10% month-over-month increase in bitcoin production to 98 BTC
- Substantial bitcoin treasury of 1,547 BTC demonstrates strong holding strategy
- Reduced North American miner efficiency below 20J/TH for improved performance
- Secured sale of over 5,000 Avalon® A15 Pro miners through Luxor partnership
- Global computing power expected to exceed 10 EH/s with 1.46 EH/s pending installation
- Maintains low average power cost of $0.042/kWh
- Voluntary exit from South Texas hosting site affected operations in July
- Higher miner efficiency gap between North America (19.9 J/TH) and non-North America operations (28.9 J/TH)
- Some mining machines remain offline during redeployment process
Insights
Canaan shows operational momentum with 10% BTC production growth, 10 EH/s milestone, and improved efficiency metrics.
Canaan's August operational update demonstrates positive momentum across multiple fronts. The company mined
The most significant technical achievement is reaching the 10 EH/s threshold in global computing power (8.6 EH/s already installed with 1.46 EH/s awaiting installation). This positions Canaan more competitively among mid-tier miners. Their geographic diversification across eight mining projects in North America, Ethiopia, Middle East, and new operations in Southeast Asia (Malaysia) provides operational resilience and electricity cost advantages.
Their efficiency improvements are particularly noteworthy. Achieving sub-20 J/TH (19.9 J/TH) efficiency in North America represents a significant operational milestone that directly improves margins. With their global average power cost at just
The company's strategic partnerships with Bitfury and Luxor demonstrate their expanding ecosystem influence. The Bitfury ASIC kit upgrade order shows Canaan's technology is being adopted by established industry players, while the Luxor financing partnership addresses a critical market need for flexible mining equipment financing solutions that has already facilitated sales of 5,000 A15 Pro machines.
Canaan's operational resilience is evident in their quick recovery from exiting a less efficient Texas facility, with rapid redeployment of those miners. With
Bitcoins mined month-over-month increases
Total estimated computing power exceeds 10 EH/s globally
Management Commentary
"We're pleased to report strong month-over-month improvement across all key metrics of our Bitcoin mining operations," said Nangeng Zhang, chairman and chief executive officer of Canaan. "In August, we mined 98 bitcoins, supported by our enhanced operating hashrate and continued low average power costs. We expanded our deployed hashrate by significantly scaling operations in the
"These results highlight both our resilience and adaptability," Zhang continued. "After voluntarily exiting a less efficient hosting site in
August 2025 Bitcoin Mining Updates (unaudited)
Key Metrics | Results (Rounded Numbers) |
Bitcoins Mined During the Month | 98 Bitcoins |
Month-End Bitcoins Owned by Canaan Inc. on | 1,547 Bitcoins |
Month-End Deployed Hashrate (EH/s) | 8.60 EH/s |
Month-End Operating Hashrate (EH/s) | 7.50 EH/s |
Month-End Average Revenue Split[2] | 58.2 % |
Average All-in Power Cost During the Month[3] |
August 2025 Bitcoin Mining Infrastructure Updates (unaudited)
Non- | Global | ||
Month-End Average | 19.9 J/TH | 28.9 J/TH | 25.5 J/TH |
Month-End Installed | 83.6 MW | 132.4 MW | 216.0 MW |
Notes:
1. Defined as the total number of bitcoins owned by the Company on its Balance Sheet including any bitcoins receivable, excluding bitcoins that the Company has received as customer deposits.
2. Defined as the weighted average percentage that Canaan would share from the total revenues generated according to the applicable joint mining arrangements if
3. Defined as the weighted average cost of power if
Current Mining Projects (As of August 31, 2025)： | |||||
Regions | Active Mining | Energized | Installed | Expected | Estimated |
Global | 8 | 7.50 EH/s | 8.60 EH/s | 1.46 EH/s | 10.06 EH/s |
America | 3 | 3.63 EH/s | 4.24 EH/s | 0.47 EH/s | 4.71 EH/s |
1 | 0.02 EH/s | 0.02 EH/s | 0 EH/s | 0.02 EH/s | |
2 | 3.75 EH/s | 4.22 EH/s | 0.99 EH/s | 5.21 EH/s | |
1 | 0.04 EH/s | 0.04 EH/s | 0 EH/s | 0.04 EH/s | |
1 | 0.06 EH/s | 0.08 EH/s | 0 EH/s | 0.08 EH/s | |
Notes:
4. Defined as the amount of computing power that could theoretically be generated if all mining machines that have been energized are currently in operation including mining machines that may be temporarily offline.
5. Defined as the sum of Energized Computing Power and computing power that has been installed but not yet energized, if any.
6. Defined as the amount of computing power that has been delivered to the country where each mining project is located in but not yet installed.
7. Defined as the sum of Installed Computing Power and Expected Computing Power.
Recent Corporate Updates:
Bitfury Orders Avalon® ASIC Kits for North American Infrastructure Upgrade
On August 28, 2025, Canaan announced that it had collaborated with Bitfury on its Avalon® ASIC-powered upgrade kits to enhance up to 10MW of existing mining capacity at Bitfury's North American facility. The order builds on a strategic relationship that began in July 2024, following Canaan's prior delivery of 4,500 Avalon® A14 miners, and reflects a joint R&D effort that combines Canaan's latest ASIC technology with Bitfury's infrastructure expertise. By repurposing existing systems with Avalon® ASIC Kit, Bitfury can reduce capital expenditures and electronic waste while achieving greater efficiency and competitiveness, underscoring both companies' commitment to sustainable innovation, cost optimization, and leadership in the North American mining market.
Partners with Luxor to Expand Institutional Miner Financing
On September 8, 2025, Canaan announced a partnership with Luxor Technology Corporation ("Luxor") to provide flexible financing solutions, potentially making it easier for customers to acquire Avalon® mining machines. Through this partnership, Luxor will directly offer its mining customers non-dilutive financing at highly competitive rates with low collateral requirements, which could lead to increased institutional adoption and capital deployment. The partnership already facilitated the sale of more than 5,000 Avalon® A15 Pro bitcoin mining machines in August to a leading
About Canaan Inc.
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan Inc.'s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs and expectations, such as expectations with regard to revenue or mining hash rate deployment, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, the ability of the Company to execute against its goals, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company's expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact
Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com
Christensen Advisory
Christian Arnell
Email: canaan@christensencomms.com
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SOURCE Canaan Inc.
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