Canaan Inc. Provides May 2026 Bitcoin Production and Mining Operation Updates

North America n fleet  efficiency improved by ~11% YoY, reach ing a record 17.9J/TH Further expanded global operations with hash-to-heat deployment in the Nordic region     SINGAPORE, June 11, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending May 31, 2026. Management Commentary "As we continued to streamline our self-mining portfolio and improve operational efficiency, our mining operations delivered solid results during May," said Nangeng Zhang, chairman and chief executive officer of Canaan.

PRNewsWire • Jun 11, 2026

CAN Q1 Earnings Call Focuses on Power & Cost Discipline

Canaan's Q1 call highlights West Texas power assets, inventory cleanup and tighter costs as it pivots beyond mining rigs.

Zacks Investment Research • May 20, 2026

Canaan Q1 Earnings Call Highlights

Canaan NASDAQ: CAN said its first-quarter 2026 results reflected a difficult operating environment for bitcoin miners, as lower bitcoin prices, weak hash prices and geopolitical and energy-market uncertainty weighed on demand for mining equipment.

MarketBeat • May 19, 2026

Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript

Canaan Inc. (CAN) Q1 2026 Earnings Call Transcript

Seeking Alpha • May 19, 2026

Canaan (CAN) Reports Q1 Loss, Lags Revenue Estimates

Canaan (CAN) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.27 per share a year ago.

Zacks Investment Research • May 19, 2026

Canaan (CAN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Canaan (CAN) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Zacks Investment Research • May 19, 2026

Bitcoin Back to Its Roots: Canaan Inc. Joins "The Renaissance of Home Mining" Roundtable at Bitcoin 2026

SINGAPORE, May 19, 2026 /PRNewswire/ -- At the Bitcoin 2026 conference in Las Vegas, Canaan Inc. (NASDAQ: CAN) was invited to participate in the roundtable discussion titled "Bitcoin's Return to Its Roots: Why Home Mining is Making a Comeback." The session explored the intersection of decentralized computing power and home energy synergy.

PRNewsWire • May 19, 2026

Canaan Inc. Wins Competitive Bid to Provide Hash-to-Heat Equipment to Nordic District Heating Network

High-temperature heat reuse converts compute waste into scalable district heating infrastructure  Project provides additional validation of Canaan's expansion into energy-integrated compute infrastructure SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that it has been selected to support a district heating network in the Nordic region. The heating solution, developed in partnership with a leading Nordic heating provider (the "Customer"), utilizes Canaan's advanced Avalon A1566HA series hydro-cooled units with a combined capacity of approximately 8 MW.

PRNewsWire • May 19, 2026

Canaan Inc. Reports Unaudited First Quarter 2026 Financial Results

Revenue of US$62.7 million was in line with guidance; cryptocurrency treasury[1] reached a record 1,807.60 BTC and 3,951.53 ETH as of March 31, 2026 Installed mining computing power across 10 joint-mining projects reached approximately 11 EH/s, up 10.7% sequentially; Produced 257 bitcoins in Q1 Strategic energy infrastructure footprint expanded through the acquisition of 49% interest in ABC Projects in West Texas from Cipher Mining and Nordic hash-to-heat deployment SINGAPORE, May 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2026. First Quarter 2026 Operating and Financial Highlights Metrics Q1 2026 Market-readable takeaways Total revenue US$62.7 million In line with guidance Product revenue US$42.9 million Completed final deliveries under a major U.S. order Mining revenue US$19.1 million Resilient production despite BTC/hashprice volatility BTC produced 257 BTC Continued mining output Crypto treasury 1,807.60 BTC / 3,951.53 ETH Record high treasury Installed mining computing power ~11 EH/s Up 10.7% QoQ All-in power cost ~US$0.04/kWh Competitive mining cost base G&A expense US$15.0 million Down 11% QoQ Subsequent customer cash collections ~US$42 million Liquidity improved after quarter-end ABC Projects 49% interest / ~4.4 EH/s operating hashrate West Texas energy-compute footprint Nordic hash-to-heat Project 8MW planned / 2MW in operation Sustainable compute infrastructure use case   Total revenues were US$62.7 million, which was in line with the Company's previous guidance range.

PRNewsWire • May 19, 2026

Canaan Inc. Provides April 2026 Bitcoin Production and Mining Operation Updates

Achieved record high  cryptocurrency  treasury of 1,826 BTC and 3,952  ETH Installed hashrate grew 34.6% year-over-year to 10.97 EH/s, excluding hashrate from JV SINGAPORE, May 14, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending April 30, 2026. Management Commentary "April marked a constructive reset for Canaan.

PRNewsWire • May 14, 2026