Canaan Releases Bitcoin Mining Update for December 2025
Canaan released its unaudited bitcoin mining update for the month ending December 31, 2025. "We closed 2025 with solid bitcoin production and continued growth in deployed hashrate, despite a challenging yet evolving macroeconomic environment at the year-end," said Nangeng Zhang, chairman and CEO of Canaan. "As of December, our operating hashrate increased by 61% year-over-year, while installed hashrate grew by 82%, materially outpacing the global Bitcoin network's approximately 34% hashrate growth over the same period. Against the fluctuations in mining economics, our team executed efficiently, delivering 86 BTC and expanding deployed hashrate to 9.91 EH/s, with an operating hashrate of 7.65 EH/s by month-end. In aggregate, we ended the year with 1,750 BTC and 3,951 ETH, highlighting our strong operational execution and our disciplined treasury management. During the recent pullback in network hashprice, we prioritized fleet operations optimization, miner efficiency, and continuing expansion of installed power capacity across our global sites." Throughout 2025, Canaan's treasury strategy remained focused on operational reinvestment and reserve scaling. During the year, the Company added 1,091 BTC through mining operations and 128 BTC through market purchases. These inflows were partially offset by 776 BTC deployed for power-related expenditures. In addition, the Company received 13 BTC from sales-related income and 0.83 BTC in interest income. Collectively, these movements brought the Company's bitcoin holdings to 1,750 BTC as of December 31, 2025, a 35% increase from 1,293 BTC as of December 31, 2024. Meanwhile, the Company's ETH holdings increased from 3 ETH as of December 31, 2024, to 3,951 ETH as of December 31, 2025. This increase was primarily driven by the acquisition of 3,931 ETH from the conversion of stablecoins received by the Company from machine sales, with an additional 17 ETH received from sales-related inflows.
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Canaan Inc (NASDAQ:CAN) Faces Nasdaq Compliance Risk as Shares Fall Below $1
- Compliance Warning: Canaan Inc received a notice from Nasdaq stating its American depositary shares have closed below $1.00 for 30 consecutive trading days, violating Listing Rule 5550(a)(2), requiring compliance restoration within 180 days until July 13, 2026.
- Stock Performance: As of Friday, Canaan shares fell 3.66% to $0.79, reflecting market concerns over compliance risks, which may impact investor confidence and future financing capabilities.
- Performance Highlights: Despite compliance issues, Canaan reported a 61% year-over-year increase in operating hashrate and an 82% rise in installed hashrate for 2025, with a digital asset treasury of 1,750 BTC and 3,951 ETH, showcasing a strong business foundation.
- Long-term Strategy: The company highlighted a record 250 MW of installed capacity and plans to continue its Bitcoin mining strategy despite market volatility, aiming to maintain competitiveness in the future market.
Canaan (CAN) Receives Nasdaq Compliance Notice, Granted 180-Day Period
- Compliance Notice: Canaan (CAN) received a Nasdaq notice on January 14, 2026, for non-compliance with the $1 minimum bid price requirement after its ADSs traded below that level for 30 consecutive business days, indicating significant regulatory pressure.
- Compliance Period: The company has been granted a 180-day compliance period until July 13, 2026, to regain compliance, highlighting the urgency for Canaan to manage its share price effectively.
- Price Monitoring Measures: Canaan stated it will monitor its share price and take reasonable measures, including a potential reverse stock split if necessary, to ensure compliance with Nasdaq requirements, reflecting the company's commitment to shareholder value.
- Market Impact: This compliance notice may negatively affect market confidence in Canaan, prompting investors to closely monitor the company's stock performance and the specific measures it will implement going forward.
