Canaan reported stable November Bitcoin mining performance alongside continued infrastructure expansion, producing 89 BTC and increasing deployed hashrate to 9.41 EH/s. The company also lifted its operating hashrate to 8.12 EH/s while maintaining competitive power costs at an average of $0.043 per kWh. Management said the North American fleet continued to improve in efficiency, with installed regional capacity reaching 91.2 MW by month end.
The company added 100 BTC during market pullbacks, bringing its total treasury to 1,730 BTC and 3,951 ETH. Canaan expects to energize roughly 1 EH/s of additional capacity by year end, with more hashrate scheduled to come online in early 2026. Recent efficiency metrics showed a global fleet average of 25.5 J/TH, reflecting ongoing optimization across mining sites in the Americas, Ethiopia, Malaysia, and the Middle East.
The operational update follows a $72 million strategic investment from institutional firms including Brevan Howard, Galaxy Digital, and Weiss Asset Management. The company also recently unveiled its next-generation Avalon A16 mining machines and continued its ongoing share repurchase program.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
