Canaan Inc. Reports 10% Increase in Bitcoin Production for August 2025, Expands Global Mining Operations and Partners with Luxor for Institutional Financing

Reuters
09/09
Canaan Inc. Reports 10% Increase in Bitcoin Production for August 2025, Expands Global Mining Operations and Partners with Luxor for Institutional Financing

Canaan Inc., a leader in the cryptomining industry, has released its unaudited results for August 2025, showcasing a notable 10% month-over-month increase in Bitcoin production. The company mined a total of 98 bitcoins in August, supported by an enhanced operating hashrate and continued low average power costs. Canaan's bitcoin treasury now holds 1,547 bitcoins, while its total estimated computing power exceeds 10 EH/s globally. Canaan's month-end deployed hashrate reached 8.60 EH/s, with an operating hashrate of 7.50 EH/s. The average all-in power cost during the month stood at US$0.042/kWh. In terms of infrastructure, the company's global miner efficiency averaged 25.5 J/TH, with installed power capacity reaching 216.0 MW. In a strategic move, Canaan has partnered with Luxor Technology Corporation to offer flexible financing solutions, potentially facilitating increased institutional adoption. This partnership led to the sale of over 5,000 Avalon® A15 Pro bitcoin mining machines to a leading U.S.-based institutional bitcoin miner in August. These results underline Canaan's resilience and adaptability, particularly following its voluntary exit from a less efficient hosting site in South Texas in July. The company has since optimized energy usage and advanced its U.S. self-mining operations, with redeployment of previously offline miners well underway. Canaan continues to strengthen its mining platform through proprietary ASIC innovation and operational excellence, laying a foundation for future AI-driven computing opportunities.

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: CN67728) on September 08, 2025, and is solely responsible for the information contained therein.

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