Canaan Posts Record Bitcoin Reserves as Mining Capacity Expands
Canaan Inc. said it has substantially increased its Bitcoin reserves and expanded mining capacity amid ongoing strategic investments and infrastructure buildout. The company highlighted that new deployments and facility upgrades are designed to bolster self-mining output and operational scale, with further strengthening expected by the end of 2025.
The development matters because larger miner-held balances and added hashing capacity can tighten available supply and enhance network security, while signaling management’s confidence in long-term Bitcoin demand. Investors and partners will be watching capital expenditure, power costs and realized mining yields as the company converts capacity into production and revenue over the coming year.