Canaan Inc. reported unaudited March 2026 bitcoin mining results, achieving a record cryptocurrency treasury and expanding its North American capacity while advancing its energy infrastructure strategy.
Key takeaways
Bitcoin production of 89 BTC in March 2026, growing the company's total cryptocurrency treasury to a record 1,808 BTC and 3,952 ETH.
Expanded global installed power capacity to 266.3 MW, supplemented by 120 MW from joint ventures, and added over 10 MW to the network during the month.
Achieved average miner efficiency of 18.7 J/TH in North America, reflecting disciplined operational and cost management.
Acquired Cipher Mining's 49% interest in West Texas joint ventures totaling ~4.4 EH/s, expanding self-mining scale and U.S. power infrastructure footprint.
CEO and CFO purchased 1,456,547 ADSs in open market purchases at an average price of US$0.51 per ADS, aligning management with shareholder interests.