Canaan Expands Mining Capacity and Hits Record Cryptocurrency Treasury Holdings

Key Facts

1Canaan increased its North American power capacity by over 10 MW in March 2026

2The company's cryptocurrency treasury grew to a record 1,808 BTC and 3,952 ETH

3Canaan's average all-in power cost was $0.044/kWh with miner efficiency of 18.7 J/TH in North America

4Canaan's CEO and CFO increased their shareholdings through open market purchases

Canaan Inc. expanded its North American bitcoin mining power capacity by over 10 MW in March 2026, strengthening its operational footprint in the sector. The company's cryptocurrency treasury grew to a record 1,808 BTC and 3,952 ETH, reflecting its digital asset accumulation strategy. Canaan achieved a low average all-in power cost of $0.044/kWh with mining efficiency of 18.7 J/TH in its North American operations. Management confidence was demonstrated through additional open market share purchases by the CEO and CFO. These developments represent successful execution of the company's growth strategy in bitcoin mining infrastructure and balance sheet asset accumulation. The combined indicators point to improved operational efficiency and expansion of strategic digital asset holdings.