Canaan Inc. reported mining 46 BTC in July 2026, bringing its treasury to 1,917 BTC and 3,952 ETH. The company authorized management to monetize a portion of this digital asset treasury to fund share repurchases under an existing board-authorized program. Canaan also received an additional 180-day compliance period from Nasdaq until January 11, 2027, to regain the $1.00 minimum bid price requirement following its transfer to the Nasdaq Capital Market. The company operates in the cryptocurrency mining hardware and computing infrastructure industry.
