Canaan Inc grows Bitcoin treasury to 1,917 BTC as mining output holds steady

Canaan Inc., the Nasdaq-listed Bitcoin mining hardware manufacturer, added a net 2 BTC to its treasury in July 2026, pushing total holdings to 1,917 BTC. The company also holds 3,952 ETH, a figure that has remained stable since late 2025. A net increase of 2 BTC might sound modest for a company that mined 46 BTC during the month. The gap between mined coins and treasury growth tells a story about operational costs, strategic sell-offs, and a company that’s increasingly comfortable using its crypto reserves as a corporate finance tool. Mining output and the numbers behind it Canaan mined 46 BTC across July, a slight dip from the 49 BTC it produced in June. The company operates a non-joint venture fleet with an installed hashrate of roughly 10.05 EH/s, complemented by another 4.85 EH/s from joint venture projects. That puts total operational capacity at approximately 14.24 EH/s spread across twelve active mining installations. Fleet efficiency for the non-JV operations held steady at 17.9 J/TH, a metric that measures how many joules of energy the machines consume per terahash of computing power. Share buybacks funded by crypto On August 4, 2026, Canaan’s board authorized using a port...