Monthly UpdateJun 11, 2026, 09:27 AM
Canaan Reports May 2026 Bitcoin Production of 90 BTC
AI Summary
Canaan Inc. released its unaudited Bitcoin mining update for May 2026, reporting 90 BTC from self-mining operations and an additional 24 BTC from customer payments. The company achieved a record high cryptocurrency treasury of 1,867 BTC and 3,952 ETH. Operational efficiency improved significantly, with North American fleet efficiency reaching 17.9 J/TH, an 11% YoY growth. Canaan also expanded its hash-to-heat deployment in the Nordic region and extended its collaboration with Tether for new mining system form factors.
Key Highlights
- Self-mining operations produced 90 BTC in May 2026.
- Cryptocurrency treasury reached a record 1,867 BTC and 3,952 ETH.
- North American fleet efficiency improved 11% YoY to 17.9 J/TH.
- Global average mining efficiency improved 13.5% YoY to 23.7 J/TH.
- Joint venture operations generated approximately 45 BTC in May.
- Expanded hash-to-heat deployment in Nordic region with 8 MW capacity.
- Extended collaboration with Tether for high-density mining modules.
- Month-end operating hashrate was 6.47 EH/s (Non-JV) and 2.83 EH/s (JV).
Price Impact
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