Bitcoin News Today: Canaan’s Global Strategy Powers 10% Bitcoin Surge in August

Canaan Inc. (NASDAQ: CAN) reported a 10% month-over-month increase in bitcoin production for August 2025, mining 98 bitcoins during the period. The company’s total bitcoin treasury now stands at 1,547 bitcoins, reflecting a successful deployment strategy across eight active mining projects in multiple regions, including North America, Ethiopia, and Southeast Asia [1]. Canaan's operational performance also includes a deployed hashrate of 8.6 EH/s, with an expected global computing power exceeding 10 EH/s as additional capacity comes online [1].

The company has made significant strides in operational efficiency, particularly in North America, where it achieved an average miner efficiency of 19.9 J/TH. This improvement directly enhances profit margins, especially in a volatile market environment. Canaan’s global average power cost is reported at $0.042/kWh, supporting strong profitability despite fluctuating bitcoin prices [1]. The firm has also exited and redeployed a less efficient mining operation in Texas, further strengthening its competitive position by focusing on regions with lower energy costs [1].

Canaan has expanded its strategic partnerships in Q3 2025, collaborating with Bitfury to implement a 10MW infrastructure upgrade using Avalon® ASIC kits. Additionally, the company partnered with Luxor Technology to provide financing solutions for institutional clients, facilitating the sale of over 5,000 Avalon® A15 Pro miners to a U.S.-based buyer. These collaborations underline Canaan’s growing influence in the mining ecosystem and its ability to meet the evolving needs of the market [1].

The company’s geographic diversification and operational resilience are key factors in its competitive positioning. With mining operations across North America, Ethiopia, the Middle East, and Southeast Asia (notably in Malaysia), Canaan benefits from a diversified risk profile and lower-cost energy sources. These advantages, combined with its growing hashrate and strategic partnerships, position the firm as a strong contender in the mid-tier mining sector [1].

Canaan’s current market capitalization is $0.34 billion USD as of September 2025, ranking the company among the world's 7,741 most valuable companies by market cap [2]. While dividend data for Canaan is currently unavailable, the firm’s operational growth and expansion efforts continue to drive investor interest, particularly as the broader cryptocurrency market experiences significant price movements and regulatory developments [3].

Source: [1] Canaan Mining Hits 8.6 EH/s, Adds 98 BTC in August 2025 (https://www.stocktitan.net/news/CAN/canaan-inc-provides-august-2025-bitcoin-production-and-mining-77v6r2x6yu1o.html) [2] Canaan (CAN) - Market capitalization (https://companiesmarketcap.com/canaan/marketcap/) [3] Canaan Inc. American Depositary Shares (CAN) Dividend ... (https://www.nasdaq.com/market-activity/stocks/can/dividend-history)