Canaan (NASDAQ:CAN), a leading provider of high-performance computing solutions and a pioneer in Bitcoin mining hardware, has released its unaudited operational update for March 2026.
The report highlights a significant expansion of the company’s digital asset holdings and a strengthening of its self-mining infrastructure, particularly within the North American market.
Canaan produced 89 BTC during the month, bringing its total cryptocurrency treasury to a record 1,808 BTC and 3,952 ETH.
The company’s global power capacity reached 266.3 MW by the end of March, bolstered significantly by 120 MW derived from recently acquired joint ventures (JVs) in West Texas.
Canaan added over 10 MW of operational capacity in March alone, reflecting its aggressive push to diversify away from hardware sales toward a more robust self-mining model.
As of month-end, the company reported a Non-JV deployed hashrate of 10.97 EH/s, with an active operating hashrate of 6.89 EH/s.
Operational efficiency remains a core focus for the firm as it scales its North American operations.
Canaan reported an impressive miner efficiency of 18.7 J/TH across its North American fleet, supported by an average all-in power cost of $0.044/kWh.
This low-cost power profile, combined with the deployment of its latest-generation Avalon mining rigs, positions Canaan to maintain strong margins even amid fluctuating market conditions.