Monthly UpdateMay 14, 2026, 09:17 AM
Canaan Inc. April Bitcoin Production: 90 BTC; Crypto Treasury Hits Record
AI Summary
Canaan Inc. reported its April 2026 Bitcoin production and mining operations, achieving a record high cryptocurrency treasury of 1,826 BTC and 3,952 ETH. The company's non-JV installed hashrate grew 34.6% year-over-year to 10.97 EH/s, with self-mining operations producing 90 BTC. Additionally, joint venture operations contributed approximately 48 BTC, and the company improved its global fleet efficiency to 23.6 J/TH. Canaan also announced an extended collaboration with Tether, securing a follow-on order for high-density mining hash board modules for deployment in South America.
Key Highlights
- Secured follow-on order from Tether for high-density mining hash board modules.
- Cryptocurrency treasury reached record 1,826 BTC and 3,952 ETH.
- Non-JV installed hashrate grew 34.6% year-over-year to 10.97 EH/s.
- Self-mining operations produced 90 BTC in April 2026.
- Joint venture operations produced approximately 48 BTC during the month.
- Global fleet efficiency improved to 23.6 J/TH from 27.4 J/TH since April 2025.
- Expanded to 13 active mining projects across 5 countries.
- Average all-in power cost during April was US$0.044/kWh.