Canaan Posts September Bitcoin Mining Gains and Expands Heat-Reuse Projects
BTC when published $82,052Now $80,617 ▼ −1.75% since it was published
In its unaudited update for September 2026, Canaan reported mining 44 bitcoins, lifting its treasury to 1,875 BTC, while keeping non-joint venture installed hashrate steady at 10 EH/s despite rising network difficulty. Joint venture facilities in West Texas contributed an installed hashrate of 4.87 EH/s and operating hashrate of 4.18 EH/s, alongside a competitive average all-in power cost of US$0.043/kWh. Operationally, the company’s 8 MW Nordic district heating project became fully operational, supplying recovered computing heat to about 2,800 homes, and its Canadian greenhouse heat recovery project advanced toward deployment as of September 30, 2026. Canaan also continued corporate balance-sheet optimization, monetizing digital assets and using US$5.4 million of proceeds to repurchase 13.6 million ADSs in late August, bringing total 2026 buybacks to roughly 16.4 million ADSs and signaling management’s…
First reported by The Globe and Mail. This page is a short excerpt; the full text is theirs.
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