Canaan Inc. Provides June 2026 Bitcoin Production and Mining Operation Updates
Joint venture hashrate recovers significantly, approaches full-installed capacity
Canaan Inc., an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending June 30, 2026.
Management Commentary
“June was a month of consolidation and recovery, and we remained focused on disciplined execution across our mining operations,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “During the month, we produced 64 BTC. Despite grid maintenance at one of our facilities, after accounting for operating costs and the receipt of BTC as payment for our miner sales in June, we recorded our strongest monthly increase of 2026, adding 49 BTC to our cryptocurrency treasury. Our total cryptocurrency holdings reached a record 1,915 BTC and 3,952 ETH. Meanwhile, we maintained our North American non-JV fleet efficiency at 17.9 J/TH, underscoring our disciplined approach to operational excellence and cost management despite challenging market conditions.”
Zhang continued, “We’d also like to thank our joint venture partner, WindHQ, for their strong execution in restoring operations following the wildfire-related disruptions that affected our Alborz facilities in May. By June, our joint venture had substantially resumed operating, a strong recovery that we’re proud to see reflected in this month’s results.”
“Looking ahead, we remain committed to advancing our vertically integrated strategy and capturing opportunities emerging at the intersection of energy and compute. We believe our integrated capabilities provide a strong foundation for long-term growth. Disciplined execution remains the foundation of our strategy as we expand our capabilities across bitcoin mining and broader compute infrastructure to drive sustainable long-term shareholder value.”
June 2026 Bitcoin Mining Updates (unaudited)
|
Key Metrics |
Results (Rounded Numbers) |
|
Bitcoins Mined During the Month |
64 BTC |
|
Month-End Bitcoins and ETH Owned by Canaan |
1,915 BTC |
|
Month-End Installed Hashrate (EH/s) |
Non-JV: 10.05 EH/s |
|
Month-End Operating Hashrate (EH/s) |
Non-JV: 3.36 EH/s |
|
Month-End Average Revenue Split[2] |
60.3% (excluding JV ownership) |
|
Average All-in Power Cost During the Month[3] |
US$0.043/kWh |
June 2026 Bitcoin Mining Infrastructure Updates (unaudited)
|
North America |
Non-North America |
Global |
|
|
Month-End Average |
Non-JV: 17.9 J/TH |
29.3 J/TH |
Non-JV: 23.7 J/TH |
|
Month-End Installed |
Non-JV: 88.7 MW |
157.5 MW |
Non-JV: 246.2 MW |