Canaan Inc.

Singapore – October 15, 2026 -- Canaan Inc. (NASDAQ: CAN) mined 44 bitcoin in September 2026, lifting its treasury to 1,875 BTC at month-end, while its 8 MW Nordic district heating project became fully operational.

The company's non-JV installed hashrate held steady at 10 EH/s despite rising network difficulty. Its joint venture operations reported installed hashrate of 4.87 EH/s and operating hashrate of 4.18 EH/s at month-end. The JV represents Canaan's 49% stake in the Alborz, Bear and Chief Mountain facilities in West Texas, and its metrics are excluded from bitcoin production and average all-in power cost calculations. Canaan has paused mining in Ethiopia, though that hashrate remains part of installed hashrate.

Singapore – September 25, 2026 -- Canaan Inc. (NASDAQ: CAN) confirmed that an 8 MW Bitcoin mining installation using its Avalon A1566HA hydro-cooled units is now fully online and delivering recovered heat to approximately 2,800 homes through a Nordic district heating network. The company will present the project alongside its residential heating-miner lineup at the BTCHEL conference in Helsinki, Finland, on September 25-26, at booth #6.

Singapore – September 18, 2026 -- Canaan Inc. (NASDAQ: CAN) liquidated its entire Ethereum position and part of its bitcoin treasury in August 2026, generating approximately US$13.9 million in cash that funded the repurchase of 13.6 million American Depositary Shares.

Canaan exits ETH position entirely, trims BTC holdings to fund buybacks

The company sold all 3,952 ETH it held along with 54 BTC at average prices of roughly US$2,400 per ETH and US$79,000 per BTC. Canaan deployed US$5.4 million of the proceeds to repurchase the ADSs in late August, lifting total shares repurchased since the start of the year to approximately 16.4 million. At month-end, Canaan held 1,868 BTC.

Singapore – September 12, 2026 -- Canaan Inc. (NASDAQ: CAN) reported unaudited second-quarter 2026 total revenue of US$31.9 million, down 49% from US$62.7 million in Q1 2026 and 68% below the US$100.2 million recorded in Q2 2025, as bitcoin price weakness and seasonal power constraints hit mining-rig demand.

Digital asset treasury climbs to a record 1,915 BTC and 3,952 ETH

Canaan's cryptocurrency treasury reached its highest level to date at quarter-end, even as the company posted a gross loss of US$29.3 million, widening from a US$22.9 million gross loss in Q1 2026 and reversing a gross profit of US$9.3 thousand in Q2 2025. The company mined 243 bitcoins during the quarter and sold 2.5 EH/s of computing power.