Canaan Inc. Reports Record Bitcoin Holdings Amidst Mining Expansion

Canaan Inc. (NASDAQ: CAN), a leader in blockchain technology and cryptocurrency mining, has reported a substantial increase in its Bitcoin holdings and mining operations, according to PR Newswire. The company disclosed its unaudited update for November 2025, highlighting a robust mining output and strategic growth initiatives.

Mining Output and Hashrate Growth

Despite market challenges, Canaan achieved a stable production of 89 BTC in November, with its deployed hashrate reaching 9.41 EH/s and operational hashrate at 8.12 EH/s. The company's focus on efficiency and performance allowed it to maintain competitive power costs and enhance the efficiency of its North American fleet. This expansion increased the installed power capacity in the region to 91.2 MW, laying a solid foundation for sustained growth.

Record Cryptocurrency Holdings

Canaan's strategic acquisition of 100 BTC during market price dips boosted its cryptocurrency treasury to 1,730 BTC and 3,951 ETH by the end of November. The company plans to bring online approximately 1 EH/s of additional capacity by year-end, with further expansions expected in early 2026. This growth strategy is coupled with continued operational optimization and stringent power cost management, positioning Canaan for scalable growth amidst rising network difficulty and competition.

Strategic Investments and Infrastructure

In a landmark move, Canaan secured a US$72 million strategic investment from prominent institutional investors, including Brevan Howard and Galaxy Digital. This investment, without warrants or derivatives, signifies strong confidence in Canaan's growth prospects and will support the company's infrastructure projects and long-term expansion in digital assets and high-performance computing.

Technological Advancements

October saw the launch of Canaan's next-generation Avalon A16 series mining machines, featuring state-of-the-art technology with an energy efficiency of 12.8 J/TH. These machines are now available for pre-order, with shipments planned from production centers across North America, East Asia, and Southeast Asia.

With these developments, Canaan Inc. continues to reinforce its position as a frontrunner in the crypto mining industry, leveraging strategic investments and technological advancements to fuel its expansion and operational efficiency.