Canaan provides September bitcoin production, mining operation updates

Canaan (CAN) released its unaudited bitcoin mining update for the month ended September 30. “September marked another month of meaningful progress, highlighted by further gains in mining efficiency,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “By deploying our latest-generation bitcoin mining machines, we improved our North American efficiency to 19.7 J/TH, reflecting our commitment to operational excellence and energy performance. We mined 92 bitcoins during the month and expanded our self-mining fleet to 9.30 EH/s deployed and 7.84 EH/s in operation, driven largely by continued progress across our U.S. and African sites. We also advanced our renewable-powered mining strategy through a new 20 MW partnership with Soluna Holdings in Texas, and our Africa operations continued to scale steadily, overcoming seasonal dry climate constraints.” “We ended the month with 1,582 bitcoins and 2,830 ETH, a new high for our cryptocurrency treasury, underscoring our disciplined accumulation strategy and operational efficiency with our average all-in power cost remaining stable and competitive across our global mining sites,” Zhang continued. “In parallel, we secured a landmark U.S. purchase order for over 50,000 Avalon A15 Pro miners-our largest single order in the past three years-reflecting growing confidence in Canaan’s technology leadership and reliability. We remain committed to disciplined growth, innovation, and delivering long-term value to our partners and shareholders.”