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Canaan Inc. Provides April 2025 Bitcoin Production and Mining Operation Updates

On May 14, 2025, in Singapore, Canaan Inc. Published its preliminary report detailing global bitcoin mining operations and production results for April 2025.
The update follows Canaan's strategic growth in North America and Ethiopia, leveraging lower power costs and mitigating geographic risks with joint-mining initiatives.
Projects in Pennsylvania and Texas increased installed hashrate by over 1.5 EH/s, bringing total deployed hashrate to 8.15 EH/s with a competitive power cost of US$0.044/kWh.
CEO Nangeng Zhang highlighted that April's production results reflect the company’s continued success in operating an efficient, worldwide mining business while increasing its presence and adding 16 bitcoins to bring total holdings to 1,424.
The company temporarily took offline 0.6 EH/s in Kazakhstan for economic reasons amid declining bitcoin prices and mutually ended a US$100 million financing tranche effective April 30, while advancing next-gen Avalon A16 machines adding 4.7 EH/s.

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Canaan Inc. Provides April 2025 Bitcoin Production and Mining Operation Updates

SINGAPORE, May 14, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending April 30, 2025.

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iShares Bitcoin Trust, MARA, and Gryphon Digital Mining are the three Bitcoin stocks to watch today, according to MarketBeat’s stock screener tool. Bitcoin stocks are shares of publicly traded companies whose business models are closely tied to Bitcoin—whether through mining operations, custody and trading services, or by holding substantial amounts of the cryptocurrency on their […]

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