Canaan Sells All ETH Holdings, Repurchases 13.6mln ADSs

Canaan Inc. released its unaudited Bitcoin mining update for August 2026. The company mined 44 BTC, maintained a non-JV installed hashrate of 10.05 EH/s, and saw its JV installed hashrate reach 4.92 EH/s. Canaan sold all ETH holdings and 54 BTC, repurchasing 13.6 million ADSs. The company holds 1,868 BTC and aims to build a more integrated computing and energy platform. Equipment installation has begun at a Canadian compute heat recovery project.