Canaan reports 92 BTC mined in October

Canaan (CAN) released its unaudited bitcoin (BTC-USD) mining update for the month ending October 31. “October delivered consistent operational performance, with improvements versus September across deployed hashrate, operating hashrate, North American operation’s miner efficiency and installed power capacity, while both revenue split and power cost remained stable,” said Nangeng Zhang, chairman and CEO of Canaan. “Despite increased mining difficulty, we produced 92 BTC, sustained a deployed hashrate of 9.31 EH/s, with 7.85 EH/s in active operation by the end of October. As we redeployed machines from an underperforming project, our operating hashrate has increased to approximately 8.25 EH/s as of November 7, 2025. Through disciplined mining operation and treasury management, our total cryptocurrency treasury increased to 1,610 BTC and 3,950 ETH by the end of October.”