#Cryptocurrency #Singapore #Bitcoin Mining #Canaan Inc

Canaan Inc. Reports on January 2026 Bitcoin Production

Canaan Inc., a trailblazer in the crypto mining sector, has provided an impressive overview of its bitcoin mining operations for the month ending January 31, 2026. Despite facing substantial macroeconomic challenges and intense winter conditions in North America, the company has demonstrated remarkable resilience, enhancing its overall performance metrics.

Operational Resilience in Adverse Conditions

In a statement from Nangeng Zhang, Canaan's chairman and CEO, the company emphasized its flexibility and operational discipline. The management noted that through collaborative efforts with mining partners, they efficiently managed power loads during peak demand times, particularly amidst the impacts of Winter Storm Fern. This operational adaptability not only maximized efficiency but also contributed significantly to maintaining long-term economic viability.

In January, Canaan successfully mined 83 BTC, with a total bitcoin and ETH reserve reaching new heights—1,778 BTC and 3,951 ETH. The company achieved a remarkable global hashrate of over 10 EH/s, underscoring its leadership in the cryptocurrency mining industry. This successful performance was coupled with a slight improvement in miner efficiency, now at 24.2 J/TH.

Strategic Focus on Sustainable Growth

Looking forward, Canaan Inc. remains optimistic about the future of Bitcoin and is exploring new avenues for operational expansion. One of the company's key strategies includes increasing energy reuse efforts and venturing into home mining solutions, which promise higher profit margins with lower capital investment.

The latest updates illustrate Canaan's commitment to staying at the forefront of the cryptocurrency sector. With ongoing investments in innovative technologies and strategic partnerships, the company aims to enhance its overall mining capacity and operational efficiency.

Key Metrics for January 2026

Canaan Inc.'s unaudited report provided several important metrics:

• - Bitcoins Mined: 83 BTC
• - Total BTC and ETH: 1,778 BTC and 3,951 ETH
• - Deployed Hashrate: 10.07 EH/s
• - Operating Hashrate: 6.63 EH/s
• - Average Power Cost: US$0.043/kWh

Infrastructure and Efficiency Updates

Canaan’s January updates also highlighted the mining infrastructure across various regions. The company reported distinct metrics for North America and other regions:

• - North America: Average miner efficiency of 19.3 J/TH, with installed power capacity of 95.7 MW.
• - Non-North America: Average miner efficiency of 29.0 J/TH, with installed power capacity of 157.5 MW.

This emphasizes Canaan’s strategic approach towards regional optimization and technological advancements in mining operations.

Current and Future Projects

As of January 31, 2026, Canaan operates nine active mining projects worldwide, showcasing a blend of energized and installed computing power. These projects are designed to optimize mining performance and advance the company’s market presence.

• - Regions with Active Projects: Includes North America, Canada, Ethiopia, the Middle East, and Malaysia.

In line with its commitment to sustainability, Canaan recently announced a proof-of-concept project aimed at energy recovery through heat capture for greenhouse operations in Canada. This project is anticipated to operate at an impressive 95% uptime rate.

Canaan's proactive measures, including a US$30 million share buyback program aimed at reinforcing investor confidence while managing operating market conditions, highlight its strategic intent to establish long-term value. Up to February 10, the company has repurchased approximately 2.8 million ADSs.

Conclusion

Canaan Inc.’s January 2026 update not only reflects its adeptness in navigating operational hurdles but also reaffirms its commitment to innovation and sustainability in the rapidly evolving cryptocurrency mining landscape. As the company continues to expand its global footprint and enhance its operational efficiencies, it remains poised for continued growth in an increasingly competitive market.

For more details on what Canaan is doing next in the cryptocurrency space, visit their official website.