#Cryptocurrency #Singapore #Bitcoin Mining #Canaan Inc.

Canaan Inc.'s November 2025 Bitcoin Mining Update

Canaan Inc. (NASDAQ: CAN), a pioneer in cryptocurrency mining, shared its unaudited updates regarding bitcoin mining and production for November 2025. The company has demonstrated a solid operational performance despite fluctuating market conditions. A key metric from this update is the increase in both deployed and operational hashrate, which showcases Canaan's capacity to adapt and thrive in a competitive landscape.

According to Nangeng Zhang, the Chairman and CEO of Canaan, November was a pivotal month. The company successfully mined a total of 89 BTC during the month, maintaining a significant mining output while the deployed hashrate grew to 9.41 EH/s by the end of the month. The operational hashrate followed suit, reaching 8.12 EH/s. These figures highlight Canaan's commitment to efficiency, as demonstrated through improved energy costs and enhanced operational strategies.

Canaan's strategy also included a timely acquisition of 100 BTC during price dips, which brought its total cryptocurrency treasury to record levels: 1,730 BTC and 3,951 ETH. This proactive approach reflects the company’s focus on capitalizing on market opportunities while establishing a strong financial foundation.

Infrastructure Growth and Future Plans

The company's infrastructure improvements have laid a robust foundation for future growth. Canaan aims to bring an additional 1 EH/s of mining capacity online by the end of 2025, with further expansion planned in the first quarter of 2026. This growth trajectory, combined with its vertically integrated business strategy, is designed to ensure sustained value even in the face of increased network difficulty.

Canaan's infrastructure also recorded significant enhancements in its North American operations, where the installed power capacity expanded to 91.2 MW. The average efficiency of miners nearly improved, measuring at 19.5 J/TH. This emphasis on efficiency aligns with the company's goal to minimize power costs while maximizing output, an essential factor in the cost-sensitive landscape of cryptocurrency mining.

Strategic Investments and Product Innovations

On November 4, 2025, Canaan announced a landmark investment of $72 million from key institutional investors, including Brevan Howard and Galaxy Digital. This investment will further strengthen Canaan's balance sheet and support its ambitious growth plans in high-performance computing and digital assets. The confidence shown by these investors highlights the market's trust in Canaan's future growth potential.

Additionally, Canaan has launched its next-generation Avalon® A16 series of bitcoin mining machines. This new series includes air-cooled models emphasizing energy efficiency, with the A16XP model achieving 300 TH/s of computing power. The demand for such advanced mining solutions indicates a promising future for the company’s hardware segment.

Share Repurchase Initiatives

In a bid to enhance shareholder value, Canaan also introduced a share repurchase program valued at $30 million. As of early December, the company had successfully repurchased approximately 6.59 million ADSs, demonstrating its commitment to returning value to shareholders while navigating complex market environments.

Conclusion

Canaan Inc. remains focused on leveraging its operational prowess and innovative systems to enhance productivity and shareholder value. As the market landscape continues to evolve, Canaan's strategic engagements, growth objectives, and commitment to operational excellence position the company advantageously for sustained success in the cryptocurrency mining sector. The upcoming months will be crucial as Canaan continues to optimize its operations and expand its influence within the dynamic world of digital assets.