Terrill Dicki
Nov 12, 2025 13:59
Canaan Inc. broadcasts its October 2025 bitcoin mining efficiency, revealing elevated hashrate and strategic international initiatives, together with a gas-to-computing pilot in Canada.
Canaan Inc. (NASDAQ: CAN), a number one participant within the cryptocurrency mining sector, has launched its unaudited mining efficiency report for October 2025. The corporate revealed constant operational enchancment, regardless of elevated mining issue, in line with PR Newswire.
Bitcoin Mining Efficiency
In October, Canaan managed to mine 92 BTC, bettering its deployed hashrate to 9.31 EH/s. The working hashrate stood at 7.85 EH/s by the tip of the month. The corporate additionally reported a cryptocurrency treasury of 1,610 BTC and three,950 ETH. CEO Nangeng Zhang famous the efficient redeployment of assets from underperforming initiatives, which bolstered their working hashrate to roughly 8.25 EH/s by early November.
Strategic Developments
In a bid to boost sustainability and effectivity, Canaan launched a gas-to-computing pilot challenge in Alberta, Canada. This initiative goals to transform stranded pure fuel into cleaner, low-cost power for bitcoin mining. Moreover, the corporate launched the Avalon® A16 collection, that includes the A16XP mannequin with a outstanding 300 TH/s capability and 12.8 J/TH effectivity, setting a brand new benchmark for ASIC efficiency.
Infrastructure and Effectivity
The corporate’s infrastructure updates reveal that Canaan’s North American operations achieved a miner effectivity of 19.6 J/TH, in comparison with 29.3 J/TH in non-North American websites. The put in energy capability reached 230.6 MW globally, with 87.0 MW in North America.
Company Milestones
October noticed Canaan securing a major order from a U.S.-based mining operator for over 50,000 Avalon A15 Professional mining machines, marking the most important single order in three years. The corporate additionally regained compliance with Nasdaq’s minimal bid value necessities, enhancing its market place.
Dedication to Innovation
By means of strategic initiatives and technological developments, Canaan continues to bolster its place within the international bitcoin mining panorama. The corporate’s concentrate on sustainable power options and cutting-edge mining expertise underlines its dedication to long-term progress and worth creation for shareholders.
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