PANews
PANews|Mar 10, 2026 13:34
[Canaan Technology Mined 86 BTC in February, Plans to Accelerate Energy Integration in the U.S.] Bitcoin mining machine manufacturer Canaan (NASDAQ: CAN, Canaan Technology) released its February 2026 Bitcoin mining operation data, producing 86 BTC during the month. Its self-held crypto assets increased to 1,793 BTC and 3,952 ETH, with a market value of approximately $128 million (excluding portions held by joint ventures). The company’s deployed computing power reached 14.75 EH/s, including 4.4 EH/s at the Alborz, Bear, and Chief Mountain data centers in Texas, USA, acquired through the recent purchase of a 49% equity stake in Cipher Mining. This acquisition added 120 MW of power capacity, with an average electricity price below $0.03 per kWh. The company’s average comprehensive electricity cost for the month was $0.044 per kWh. Management previously increased its holdings in the open market by approximately 1.4565 million ADS shares at an average price of $0.51 per share.
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads