Canaan Inc. Reports Resilient June 2025 Bitcoin Production Amid Weather Challenges, Reaches Record High Cryptocurrency Holdings

Reuters
07/07
Canaan Inc. Reports Resilient June 2025 Bitcoin Production Amid Weather Challenges, Reaches Record High Cryptocurrency Holdings

Canaan Inc., an innovator in cryptomining, released its unaudited bitcoin mining update for June 2025. The company mined a total of 88 bitcoins for the month, a decrease attributed to a temporary reduction in operating hashrate due to weather-related curtailment and maintenance in Texas and lower uptime in Ethiopia caused by seasonal drought-related electricity restrictions. Despite these challenges, Canaan ended June with a record high of 1,484 bitcoins in its holdings, highlighting its financial strength and commitment to accumulating bitcoin strategically. The month-end deployed hashrate was 8.15 EH/s, while the operating hashrate stood at 6.57 EH/s. The average revenue split was 62.3%, and the average all-in power cost was recorded at US$0.045/kWh. In terms of infrastructure, the month-end installed power capacity was 216.0 MW globally, with miner efficiency averaging 26.3 J/TH. In response to ongoing market challenges, Canaan continued its stock repurchase program, demonstrating confidence in the company's long-term prospects. Additionally, the company is advancing its North American expansion, with approximately 1 EH/s of new computing power set to be installed in U.S. facilities by the end of July 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN24633) on July 07, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10