Canaan Inc. reported that in February 2026, it mined 86 Bitcoins, bringing the total number of Bitcoins and Ethereum in its company vault to a record 1,793 and 3,952, valued at approximately $128 million. The company's deployed hash rate reached 14.75 EH/s, thanks to a recent acquisition of a joint venture in West Texas that added 120 MW of power capacity at an electricity rate below $0.03 per kWh. CEO Zhang Nangen emphasized that this expansion consolidates Canaan's energy integration strategy and its business layout in North America.

BTC1.95%
ETH1.7%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin