#Cryptocurrency #Singapore #Bitcoin #Canaan Inc.

Canaan Inc. Announces December 2025 Bitcoin Production and Mining Updates

Canaan Inc. (NASDAQ: CAN), a notable player in the cryptocurrency mining sector, has shared its unaudited update for bitcoin mining for December 2025. The company reported a strong end to the year, highlighting increased production levels and a significant year-on-year growth in deployed hashrate.

Production and Hashrate Growth

Canaan recorded the mining of 86 BTC in December, concluding the month with 1,750 BTC and 3,951 ETH on its balance sheet. This reflects a solid operational execution amidst a challenging economic environment. CEO Nangeng Zhang noted that Canaan's operational hashrate grew by 61% year-over-year, with the installed hashrate hitting an impressive 9.91 EH/s, marking an 82% growth compared to the previous year. This expansion substantially outpaced the global bitcoin network's hashrate growth of approximately 34% during the same timeframe.

Furthermore, Canaan's deployed hashrate increased to 9.91 EH/s by the end of December, with a targeted operating hashrate of 7.65 EH/s. According to Zhang, this success comes from prioritizing fleet optimization, mining efficiency, and expanding installed power capacity across global operations. The company's global average miner efficiency reached 24.3 J/TH, reaffirming its commitment to enhancing operational efficiency.

Financial Position and Treasury Management

Over the course of 2025, Canaan's focus remained on a disciplined treasury strategy aimed at operational reinvestment and asset scaling. The total bitcoin hashrate achieved a historical peak for the company with the holdings rising by 35% from 1,293 BTC as of December 31, 2024. This increase was complemented by additional inflows from mining operations and market purchases, though some were offset by power-related expenditures. Notably, the company also increased its ETH holdings from just 3 ETH in 2024 to 3,951 ETH, driven primarily by stablecoin conversions.

Canaan's commitment to maintaining a robust financial position includes the adoption of a $30 million share buyback program, reinstated on December 17, 2025. This initiative serves to enhance shareholder value, reflecting the management's confidence in the company's financial footing and growth prospects.

Looking Ahead: 2026 and Beyond

As Canaan prepares for 2026, the management is optimistic about improving market conditions and the long-term potential of bitcoin. With its vision to integrate bitcoin into the broader energy landscape, Canaan intends to advance energy-efficiency initiatives while promoting decentralization in bitcoin mining. The organization is also making strides to empower more individual participants by offering home-use mining machines.

In early January 2026, Canaan launched a proof-of-concept project in Manitoba, Canada, targeting the recovery of heat from its computing systems to aid greenhouse operations, which aims to capture up to 90% of energy consumed for supplemental heating. This project underlines Canaan's initiative to merge mining operations with sustainability efforts, ensuring both a reduction in operational costs and a positive environmental impact.

Overall, Canaan's strategic approach and innovative projects set the stage for its future growth in the evolving crypto landscape. The company remains committed to resilient operations and sustainable growth strategies, leveraging its computing infrastructure while maximizing assets through advanced technology integration.