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Canaan Inc. (CAN) drives innovation in ASIC-powered blockchain solutions, shaping the future of Bitcoin mining technology. This dedicated news hub provides investors and industry professionals with essential updates on corporate developments shaping high-performance computing ecosystems.
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Canaan Inc. (NASDAQ: CAN), a crypto mining innovator, has scheduled its second quarter 2025 financial results announcement for August 14, 2025, before U.S. market opening. The company will host a conference call at 8:00 A.M. Eastern Time on the same day to discuss the results.
Participants must pre-register online to receive dial-in numbers and a unique access PIN. Investors can submit questions up to 24 hours before the call via email. A live and archived webcast will be available on Canaan's investor relations website.
Canaan Inc. (NASDAQ: CAN) reported its July 2025 bitcoin mining performance, producing 89 bitcoins with total holdings reaching 1,511 bitcoins at month-end. The company's deployed hashrate stood at 7.95 EH/s with operating hashrate at 6.24 EH/s.
Key operational changes include the company's complete exit from Kazakhstan and termination of a South Texas hosting agreement affecting 0.96 EH/s of miners. Canaan secured notable orders from Cipher Mining and CleanSpark for Avalon miners. The company also implemented a new Cryptocurrency Holding Policy, designating Bitcoin as its primary long-term reserve asset, and completed the conversion of its US$100 million Series A-1 Preferred Shares.
Canaan Inc. (NASDAQ: CAN) has secured an additional purchase order from CleanSpark Inc. (NASDAQ: CLSK) for Avalon A1566I immersion-cooling miners. The miners deliver a hashrate of 249-267 terahashes per second (TH/s) without overclocking.
This order follows CleanSpark's initial November 2024 purchase of 3,800 Avalon A1566I miners with an average hashrate of 249 TH/s. The miners will be deployed at CleanSpark's Norcross, Georgia facility. Canaan emphasizes its focus on next-generation ASIC technology development for the North American market.
Canaan (NASDAQ: CAN), a crypto mining innovator, has announced the adoption of a new Cryptocurrency Holding Policy that establishes bitcoin as its primary long-term reserve asset. The company will retain bitcoin accumulated through its mining operations and equipment sales for the long term, unless needed for liquidity or risk management.
The policy allows for temporary holdings of other cryptocurrencies like Ethereum and compliant stablecoins, which will generally be converted to fiat currency. As of June 30, 2025, Canaan's bitcoin reserves stood at 1,484 BTC. The strategy aims to strengthen the company's balance sheet and align with the broader digital asset economy.
Canaan (NASDAQ: CAN), a crypto mining innovator, announced that an institutional investor has fully converted all Series A-1 Convertible Preferred Shares into ADSs and sold them in the open market. The original financing agreement from March 10, 2025, provided US$200 million in potential funding, with the first tranche of US$100 million completed. The second tranche was terminated on April 30, 2025.
The investment supported Canaan's R&D, bitcoin mining operations, and global expansion. The company's deployed hashrate reached 8.15 EH/s in June 2025, a 30% increase from February's 6.28 EH/s. This includes 4.22 EH/s from green mining in Ethiopia and 3.66 EH/s in North America, with an additional 1.00 EH/s being deployed to the U.S.
Canaan (NASDAQ: CAN) has secured a significant purchase agreement with Cipher Mining to supply 6,840 Avalon A15Pro miners to Cipher's Black Pearl facility in Q3 2025. The miners, delivering 221 TH/s hash rate with 16.6 J/TH power efficiency, will be manufactured at Canaan's U.S. and Malaysian facilities.
This marks Canaan's first major domestic manufacturing initiative for U.S.-based bitcoin mining customers, representing Cipher's fourth order with the company. The agreement comes amid bitcoin's price surge and highlights Canaan's strategy to address tariff pressures through regional manufacturing capabilities.
Canaan Inc. (NASDAQ: CAN) released its June 2025 bitcoin mining update, reporting 88 bitcoins mined during the month, a decrease from May due to weather-related disruptions in Texas and drought-related restrictions in Ethiopia. The company achieved a record 1,484 bitcoins in total holdings and maintains 6.57 EH/s of operating hashrate.
The company is expanding its North American presence with 1 EH/s of new computing power being deployed to U.S. facilities, scheduled for completion by July 2025. Additionally, Canaan is executing a $30 million stock repurchase program, and its executives demonstrated confidence by purchasing 817,268 ADSs at an average price of $0.76 per ADS.
Notably, Canaan plans to discontinue operations in Kazakhstan, with 0.59 EH/s already offline and the remaining 0.22 EH/s to be uninstalled in July 2025 due to changing commercial conditions.