Canaan sold all 3,952 ETH at an average price of approximately $2,400 per ETH.

TechFlow reported on September 14 that, according to PR Newswire, Canaan Inc. (NASDAQ: CAN) released its Bitcoin mining operations update for August 2026. In late August, the company sold all 3,952 ETH at an average price of approximately $2,400/coin and 54 BTC at an average of around $79,000/coin, raising a total of approximately $13.9 million. Part of the proceeds were used to repurchase roughly 13.6 million ADS (bringing the year-to-date repurchases to approximately 16.4 million shares). By the end of the month, the company held 1,868 BTC. During August, the company mined a total of 44 BTC. The non-JV installed hashrate remained at 10.05 EH/s, the JV hashrate reached 4.92 EH/s, and the average comprehensive power cost was $0.043/kWh.