In June, Canaan's Bitcoin production decreased by more than 19% month-on-month
Canaan announced on Monday that the company mined a total of 88 bitcoins in June 2025, a decrease of over 19% month-on-month. In addition, as of the end of June, the company's operational hash rate was 6.57 EH/s, with an average comprehensive electricity cost of $0.045 per kilowatt-hour. Canaan's Chairman and CEO Nangeng Zhang stated, "We continue to accumulate bitcoin reserves, and as of the end of June, the number of bitcoins in our total cryptocurrency holdings reached a new high of 1,484." He also added, "At the same time, we are continuing to advance our expansion in the North American market, with approximately 1 EH/s of new hash rate equipment being shipped to our facilities in the United States, expected to be installed by the end of July 2025, further strengthening our operational layout in the region." As of the time of writing, Canaan's stock fell over 4% in early trading on Monday
According to Zhitong Finance APP, Canaan (CAN.US) announced on Monday that the company mined a total of 88 bitcoins in June 2025, a decrease of over 19% month-on-month. In addition, as of the end of June, the company's operating hash rate was 6.57 EH/s, with an average comprehensive electricity cost of $0.045 per kilowatt-hour.
Nangeng Zhang, Chairman and CEO of Canaan, stated: "We continue to accumulate bitcoin reserves, and as of the end of June, the number of bitcoins in our total cryptocurrency holdings reached a new high of 1,484." He also added: "At the same time, we are continuing to advance our expansion in the North American market, with approximately 1 EH/s of new hash rate equipment currently being shipped to our facilities in the United States, expected to be installed by the end of July 2025, further strengthening our operational layout in the region."
As of the time of publication, Canaan's stock fell over 4% in early trading on Monday
