Canaan Mines 98 BTC in August, Hashrate Tops 10 EH/s

Canaan Mines 98 BTC in August, Hashrate Tops 10 EH/s – 7.50 EH/s operating, 8.60 EH/s installed, 1,547 BTC in treasury.

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Canaan's Scale and Efficiency

Canaan provided data as of the end of August, and they are quite interesting in terms of how the company operates and its prospects. In particular, Month-End Operating Hashrate stood at 7.50 EH/s, Month-End Deployed Hashrate – 8.60 EH/s, the average revenue split under joint mining agreements – 58.2%, and the average all-in power cost – USD 0.042/kWh.

What is important here is that the infrastructure metrics mark a key milestone: in North America, the average miner energy efficiency dropped below 20 J/TH for the first time – 19.9 J/TH; outside North America – 28.9 J/TH; globally – 25.5 J/TH. Installed electrical capacity – 83.6 MW in North America and 132.4 MW outside the region, for a total of 216.0 MW.

In the U.S., the company is ramping self-mining after a voluntary July exit from less efficient hosting in South Texas: uptime has been stabilized, power consumption optimized, and a redeployment of previously idle miners is underway. Additionally, the first mining project in Southeast Asia is progressing and hashrate in Ethiopia is being increased.

As of August 31, 2025, eight projects are active and distributed across key regions.

• America – 3.63 Energized, 4.24 Installed, 0.47 Expected;

• Canada – 0.02/0.02/0;

• Ethiopia – 3.75/4.22/0.99;

• Middle East – 0.04/0.04/0;

• Malaysia – 0.06/0.08/0.

In total – 7.50 EH/s in Energized Computing Power, 8.60 EH/s in Installed Computing Power, and 1.46 EH/s in Expected Computing Power, which ultimately yields 10.06 EH/s in Estimated Total Computing Power.

There are other critically important corporate updates. First one, Bitfury ordered Avalon ASIC-powered upgrade kits to upgrade up to 10 MW of existing capacity at a North American site. This shows the development of the collaboration following the delivery of 4,500 Avalon A14 in July 2024 and is an example of applying Canaan's latest ASIC developments with an emphasis on reducing capex and electronic waste. Another one is Canaan's partnership with Luxor Technology Corporation for flexible financing of Avalon acquisitions: Luxor will provide financing at competitive rates and with low collateral requirements; the sale of more than 5,000 Avalon A15 Pro has already been facilitated.

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Conclusion

Canaan Inc. is showing a rather strong run – increasing hashrate and reducing per-hash energy consumption, which, especially considering USD 0.042/kWh, strengthens the economics of self-mining.

The regional capacity map with a trajectory toward 10.06 EH/s and the initiatives with Bitfury and Luxor also point to a potentially promising upgrade of existing infrastructure. We will be watching to see whether the leading Bitcoin miner in the U.S. maintains its pace – stay tuned for the latest updates in crypto and blockchain.