Canaan Mined 89 BTC in July Amid Strategic Global Shift
Main Idea
Canaan Inc. mined 89 BTC in July 2025 as part of its strategic shift, exiting Kazakhstan and a Texas hosting deal while redeploying mining machines for efficiency.
Key Points
1. Canaan mined 89 BTC in July 2025, bringing its total holdings to 1,511 BTC.
2. The company exited Kazakhstan and terminated a hosting deal in Texas, leading to a dip in operational hashrate from 6.57 EH/s in June to 6.24 EH/s.
3. Canaan is focusing on North America for mining operations, benefiting from lower energy costs (average 20.1 J/TH efficiency compared to 29.7 J/TH in other regions).
4. The company secured a deal to deliver 6,840 Avalon A15 Pro miners to Cipher Mining in Q3 2025.
Description
Key Highlights Canaan mined 89 BTC in July 2025. The company exited Kazakhstan and ended a Texas hosting…
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