Canaan Inc. Provides June 2026 Bitcoin Production and Mining Operation Updates

Canaan’s June 2026 mining update shows operational recovery and improved treasury accumulation, which is supportive for sentiment around BTCUSD and the mining sector. The company mined 64 BTC in June and added 49 BTC net to its treasury, bringing total crypto holdings to a record 1,915 BTC and 3,952 ETH. Joint venture operations at the wildfire-affected Alborz facilities recovered substantially during the month, with JV hashrate approaching installed capacity. Canaan also reported a low average all-in power cost of US$0.043/kWh and maintained non-JV North American miner efficiency of 17.9 J/TH. Separately, the company completed its transfer to the Nasdaq Capital Market and is seeking an additional 180-day period to regain minimum bid-price compliance. The release also notes insider open-market purchases and a new hash-to-heat district heating contract, reinforcing management’s confidence in long-term growth despite ongoing market and regulatory pressures.