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Canaan Shares Fall Premarket as September Update Shows 44 BTC Mined

Month-end holdings totaled 1.88K BTC. Non-JV installed and operating hashrate remained at 10 EH/s.

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Bitcoin mining machines line the floor of an industrial container / TokenPost.ai
Bitcoin mining machines line the floor of an industrial container / TokenPost.ai

Canaan Inc. shares fell in premarket trading Thursday as its September update showed 44 Bitcoin (BTC) mined and 10 exahashes per second (EH/s) of operating hashrate outside joint ventures.

Canaan ended September with 1.88K BTC in holdings. Its non-JV operations had 10 EH/s of installed and operating hashrate.

Canaan held 49% interests in West Texas joint ventures. The September update listed 4.87 EH/s for those ventures.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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