Canaan Technology announced that its self-operated mining operations produced 90 BTC in May 2026, with an additional 24 BTC acquired through customer payments. The company's holdings reached a new high, totaling approximately 1,867 BTC and 3,952 ETH. Canaan's self-operated installed hashrate was 10.05 EH/s, with an operating hashrate of 6.47 EH/s. Energy efficiency improvements were noted, with North American operations achieving 17.9 J/TH, an 11% year-on-year improvement, and a global average of 23.7 J/TH, a 13.5% increase. The company also reported temporary disruptions in its joint venture with WindHQ in Texas due to wildfires, with full operations expected to resume by mid-June. Additionally, Canaan is expanding its "hashrate heating" project in Northern Europe and enhancing its collaboration with Tether on immersion-cooled mining machines.
Canaan Technology Reports Record BTC and ETH Holdings in May
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