Canaan produced 86 Bitcoins in February, with self-held cryptocurrency assets reaching $128 million.

2026-03-11 01:23:48

Techub News reports that Bitcoin miner manufacturer Canaan announced its mining operation data for February 2026, producing 86 Bitcoins that month. Its held crypto assets increased to 1,793 Bitcoins and 3,952 Ethereum, valued at approximately $128 million (excluding holdings from joint ventures). The company’s total hash rate reached 14.75 EH/s, with 4.4 EH/s from the recent acquisition of Cipher Mining’s 49% stake at the Alborz, Bear, and Chief Mountain data centers in Texas, which added 120 MW of power capacity at an average electricity price below $0.03 per kWh. The average comprehensive electricity cost for the month was $0.044 per kWh. The company’s management previously increased their holdings by approximately 1.4565 million ADS shares at an average price of $0.51, and plans to accelerate energy integration efforts in the United States.

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