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Canaan Inc. Increases Bitcoin Holdings to 1,917 BTC Amid Steady Mining Output
Canaan Inc., a Nasdaq-listed manufacturer of Bitcoin mining hardware, has increased its Bitcoin treasury to 1,917 BTC as of July 2026. The company mined 46 BTC during the month, a slight decrease from the 49 BTC mined in June. This growth in Bitcoin holdings reflects Canaan's strategic approach to managing its digital assets, which includes using reserves for corporate finance purposes.
In addition to its Bitcoin holdings, Canaan also maintains a stable reserve of 3,952 ETH, unchanged since late 2025. The company's mining operations, which consist of a non-joint venture fleet with an installed hashrate of approximately 10.05 EH/s and an additional 4.85 EH/s from joint ventures, total around 14.24 EH/s across twelve active installations. Fleet efficiency for non-joint venture operations has remained steady at 17.9 J/TH.
On August 4, 2026, Canaan's board authorized the use of a portion of its digital asset treasury to fund share buybacks, citing the company's market valuation as undervalued compared to its underlying worth. This move is also part of Canaan's strategy to comply with Nasdaq Capital Market requirements ahead of a January 2027 deadline, as supporting the stock price through buybacks may help maintain its listing. Canaan's Bitcoin accumulation has shown consistent growth, rising from 1,293 BTC at the end of 2024 to 1,750 BTC by the end of 2025, and now to 1,917 BTC in 2026.
Source: KLEA News