Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance

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Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance

Bitget-RWA2025/11/12 15:16

By:Bitget-RWA

- Canaan Inc. mined 92 BTC in October 2025, expanding its treasury to 1,610 BTC and 3,950 ETH while achieving 8.25 EH/s operating hashrate after hardware redeployment. - CEO Nangeng Zhang emphasized disciplined mining operations and cost efficiency, maintaining $0.042/kWh power costs amid rising Bitcoin mining difficulty. - The firm launched eco-friendly gas-to-computing projects in Alberta and unveiled the Avalon® A16XP ASIC miner with 300 TH/s efficiency, advancing sustainable infrastructure. - Bitcoin E

Canaan Inc. (NASDAQ: CAN), a prominent player in the cryptocurrency mining sector, achieved notable milestones in October 2025, extracting 92

BTC

and increasing its digital asset reserves to 1,610 BTC and 3,950 ETH by the end of the month. The company’s unaudited performance update reveals a deployed hashrate of 9.31 EH/s and an operational hashrate of 7.85 EH/s, with operational efficiencies improving in its North American facilities, as detailed in a

PR Newswire report

Chairman and CEO Nangeng Zhang attributed the company’s growth to prudent mining practices and effective treasury strategies. Despite increasing

Bitcoin

mining challenges,

Canaan

kept its revenue distribution and electricity expenses steady, with an average power cost of $0.042 per kWh in October. The company also upgraded its mining fleet by reallocating less efficient equipment, raising its operational hashrate to 8.25 EH/s by mid-November, according to the same

PR Newswire report

Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance image 0

Canaan’s forward-looking approach to sustainability and technology highlights its commitment to long-term growth. In Alberta, Canada, the company is piloting a project that transforms unused natural gas into affordable energy for Bitcoin mining, supporting its goal of scalable and environmentally conscious infrastructure. At the same time, Canaan introduced its advanced Avalon® A16XP ASIC miner, which achieves 300 TH/s at 12.8 J/TH, establishing a new standard for energy-efficient mining hardware, as noted in the

PR Newswire report

The wider crypto market also demonstrated resilience. An Asia Morning Briefing report indicated that Bitcoin ETFs saw net inflows of $299.8 million as of November 7, ending a two-week period of outflows, according to a

Yahoo Finance report

. This shift signals a resurgence in investor interest in crypto-related funds, with Fidelity’s FBTC and Ark 21Shares (ARKB) leading the way. Analysts point out that Bitcoin’s approach to 95% of its total supply enhances its reputation as a store of value, even amid market fluctuations, as the

Yahoo Finance report

observes.

Canaan’s progress in operations and technology puts it in a strong position to benefit from changes in the crypto industry. With more mining capacity set to be activated in the fourth quarter of 2025, the company is focused on boosting efficiency and broadening its international presence.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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