Canaan Inc. reported mining 44 BTC during September, bringing its total bitcoin treasury to 1,875 BTC, according to the company’s monthly operational update.
Canaan Inc. reported mining 44 BTC during September, bringing its total bitcoin treasury to 1,875 BTC, according to the company’s monthly operational update.
44 BTC Mined in September
Canaan disclosed the September production figure as part of its regular treasury reporting. The 44 BTC figure represents the company’s self-mined output for the month, attributed directly to its own mining operations. For related coverage, see AINext Awards & Conference Singapore 2026: Where AI Leaders, Innovators and Decision-Makers Shape the Future of Artificial Intelligence.
Canaan has been expanding its Bitcoin mining footprint across multiple fronts. The company previously agreed to supply 4.5 MW of mining power in Japan, one of several international deployments contributing to its operational capacity. For related coverage, see Bitcoin Amsterdam 2026 to Convene Institutions, Regulators, and the Global Bitcoin Community at Europe's Premier Bitcoin Conference.
Bitcoin Treasury Reaches 1,875 BTC
The September production brought Canaan’s reported bitcoin treasury to 1,875 BTC. The company reports its holdings in BTC-denominated terms; no fiat valuation was provided in the update.
The treasury balance marks a substantial increase from the 1,292.5 BTC the company held as of its full-year 2024 report, when Canaan reported $269.3 million in revenue alongside that earlier holdings figure. The growth reflects continued accumulation through self-mining rather than open-market purchases, based on available disclosures.
Canaan’s focus on bitcoin accumulation through mining aligns with its decision to close its AI division and concentrate resources on Bitcoin mining, a strategic shift the company announced earlier this year.
What to Know From Canaan’s September Update
- 44 BTC mined in September, as reported by Canaan in its monthly operational disclosure.
- 1,875 BTC held in treasury, the cumulative balance reported following the September additions.
The update does not include prior-month production figures for direct comparison, a treasury valuation in fiat terms, or details on hashrate or energy consumption for the period. Readers seeking on-chain verification of the reported holdings can reference the CoinMetrics network data dashboard for broader Bitcoin miner balance trends.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
