Canaan secures US$13.9 million from crypto sales
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Canaan (NASDAQ:CAN) released its August 2026 update, mining 44 Bitcoin and securing US$13.9 million from asset sales.
Canaan (NASDAQ:CAN) released its August 2026 update, mining 44 Bitcoin and securing US$13.9 million from asset sales.
Canaan approved a US$30 million share buyback programme funded through its US$130 million cryptocurrency reserve.
Canaan increased its digital asset holdings to record levels in February, bucking an industry trend of miners selling reserves amid tightening profit margins.
Canaan has acquired a 49% stake in three operational Texas Bitcoin mining facilities for $39.75 million, expanding its US infrastructure footprint with 120 megawatts of power and 4.4 exahashes per second of hashrate.
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.
