Canaan Doubles Down on Energy Strategy with West Texas Joint Venture, Boosts Bitcoin Production
ByAinvest
Tuesday, Mar 10, 2026 9:07 am ET1min read
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Canaan Inc. released its unaudited bitcoin mining update for February 2026, doubling down on its energy strategy with a joint venture in West Texas. The company produced 86 BTC, bringing its total cryptocurrency holdings to 1,793 BTC and 3,952 ETH, with an estimated value of $128 million. Canaan's deployed hashrate reached 14.75 EH/s, and it acquired a 49% stake in a North American data center, adding 120 MW of power capacity at competitive rates.
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