[Canaan Liquidates 3,952 ETH and Sells 54 BTC, Mines 44 BTC in August] BlockBeats News, September 14: Canaan announced its Bitcoin mining and operational data for August. The company mined 44 BTC during the month, with non-joint venture projects maintaining a hash rate of 10.05 EH/s at the end of the month, while the installed hash rate of joint venture projects increased to 4.92 EH/s. The average comprehensive electricity cost for August was $0.043 per kilowatt-hour. As of the end of the month, the company held 1,868 BTC and no longer held any ETH. Canaan stated that in late August, it sold all 3,952 ETH and 54 BTC at average prices of approximately $2,400 and $79,000, respectively, generating about $13.9 million in cash. The company subsequently used $5.4 million of this to repurchase approximately 13.6 million ADS, bringing the total ADS repurchased since the beginning of the year to approximately 16.4 million. Additionally, the computing equipment for Canaan's heat recovery greenhouse project in Canada has arrived on-site and installation has begun, with plans to have it operational before the winter heating season. The company stated it will continue to allocate capital through Bitcoin mining, digital asset management, and energy efficiency projects. [Original Link]