Canaan reported mining 44 BTC in September 2026 while holding its average all-in power cost at $0.043/kWh. The company ended the month with 1,875 BTC on its balance sheet.
Non-joint-venture installed hashrate remained at 10.00 EH/s. Canaan’s West Texas joint ventures finished September with 4.87 EH/s installed and 4.18 EH/s operating. Its North American non-JV fleet averaged 17.9 J/TH, while the company’s global non-JV fleet averaged 23.7 J/TH.
September production was unchanged from August’s 44 BTC. Canaan’s August update showed the same $0.043/kWh average power cost, but month-end bitcoin holdings were lower at 1,868 BTC after the company sold digital assets to fund share repurchases.
The latest update also says Canaan’s 8 MW Nordic district-heating project is fully operational, recovering computing heat for roughly 2,800 homes. BitcoinVersus.Tech previously examined that 2,800-home heat-reuse deployment, the efficiency gap that determined which Avalon machines kept hashing through weaker economics, and the broader 2026 ASIC efficiency race.
BitcoinVersus.Tech Editor’s Note:
We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate using the QR code provided
For best QR-code scanning results, please scan this donation code from a desktop or larger screen. Mobile screens may prevent camera recognition.
Leave a Reply