Canaan’s reserves are something—1,915 BTC + 3,952 ETH. As mining companies shift from mining to holding crypto, they’re increasingly starting to look like institutions.

Coin Circle News: Wu Says has learned that Bitcoin mining rig manufacturer and miner Canaan Technology (Nasdaq stock ticker: CAN) has released its mining business data for June 2026. The company produced 64 BTC during the month, and its end-of-month crypto reserves reached a record 1,915 BTC and 3,952 ETH. As of June 30, the company’s globally operating hashrate was 7.45 EH/s, with listed hashrate of 14.86 EH/s. The company’s average all-in electricity cost for the month was 0.043 USD per kilowatt-hour. In addition, the Alborz joint venture facility that was previously affected by wildfires recovered significantly in June. Furthermore, the company completed its transfer to the Nasdaq Capital Market on July 1; the trading code is unaffected, and it has applied for an additional 180-day compliance period to restore the minimum bid requirement.