PANews reported on August 8th that, according to PRNewswire, Canaan Inc. disclosed that it produced 89 Bitcoins in July, bringing its total holdings to 1,511 Bitcoins at the end ofPANews reported on August 8th that, according to PRNewswire, Canaan Inc. disclosed that it produced 89 Bitcoins in July, bringing its total holdings to 1,511 Bitcoins at the end of

Canaan Technology produced 89 Bitcoins in July, and held 1,511 Bitcoins at the end of the month.

2025/08/08 18:24
1 min read

PANews reported on August 8th that, according to PRNewswire, Canaan Inc. disclosed that it produced 89 Bitcoins in July, bringing its total holdings to 1,511 Bitcoins at the end of the month. The company has completed its exit from its mining operations in Kazakhstan and terminated the hosting agreement for a 0.96 EH/s mining rig in South Texas. The rigs are being transferred to a new partner, and approximately 0.50 EH/s are expected to be back online in August. At the end of July, the company's deployed computing power was 7.95 EH/s, its operating computing power was 6.24 EH/s, and its average electricity cost was $0.042 per kWh. The company has officially adopted a long-term Bitcoin holding policy.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.