Canaan Inc. Provides July 2026 Bitcoin Production and Mining Operation Updates

Canaan reported July 2026 mining results showing 46 BTC mined and a crypto treasury of 1,917 BTC and 3,952 ETH at month-end. The update also highlighted improving JV operations after wildfire-related disruption, with JV operating hashrate rising to 4.20 EH/s and installed hashrate to 4.85 EH/s. Non-JV North American miner efficiency was 17.9 J/TH, and average all-in power cost was low at $0.043/kWh. The company emphasized capital allocation flexibility, noting authorization to monetize part of its digital asset treasury to fund share repurchases. It also received an additional 180-day Nasdaq compliance period, extending its deadline to January 11, 2027, to regain minimum bid price compliance. The release is supportive for Canaan’s operational narrative, but the Nasdaq bid-price issue keeps a valuation overhang in place.