Canaan Inc. announced its unaudited bitcoin mining update for October 2025, reporting the production of 92 BTC and a deployed hashrate of 9.31 EH/s, with 7.85 EH/s in active operation at month end. By November 7, 2025, the company increased its operating hashrate to approximately 8.25 EH/s following the redeployment of machines from an underperforming project. Canaan's cryptocurrency treasury reached a record 1,610 BTC and 3,950 ETH by the end of October. The company also launched a gas-to-computing pilot project in Alberta, Canada, converting stranded natural gas into energy for bitcoin mining, and unveiled the next-generation Avalon A16 series, including the A16XP air-cooled model with 300 TH/s and 12.8 J/TH efficiency. Additionally, Canaan confirmed it regained compliance with Nasdaq's minimum bid price requirement after its ADSs closed at or above US$1.00 for ten consecutive trading days.