Canaan Inc. sold its entire Ethereum position of 3,952 ETH and 54 BTC in late August 2026 at average prices of approximately US$2,400 per ETH and US$79,000 per BTC, generating US$13.9 million in cash. The company used a portion of these proceeds to repurchase approximately 13.6 million American Depositary Shares (ADSs), bringing total year-to-date repurchases to roughly 16.4 million ADSs. During August, Canaan mined 44 BTC and maintained its non-joint venture installed hashrate at 10.05 EH/s with an average all-in power cost of US$0.043/kWh. The company also announced that equipment installation is underway for a compute heat recovery greenhouse project in Canada ahead of the winter heating season. Canaan Inc. operates as a technology company focusing on ASIC high-performance computing chip design, mining machine production, and bitcoin mining operations.
