As reported by BitJie, Canaan (NASDAQ: CAN) mined 92 Bitcoin in October 2025, demonstrating operational resilience amid rising network difficulty and energy costs. The company also launched the Avalon A16 mining machine, which offers 300 TH/s hash rate and 12.8 J/TH energy efficiency, a 15% improvement over previous models. Canaan’s Bitcoin and Ethereum reserves have grown to 1,610 BTC and 3,950 ETH, serving as a strategic asset to hedge against fiat volatility. The firm recently secured $72 million in strategic equity from BH Digital and Galaxy Digital, with no dilutive warrants involved. Investors will closely watch the company’s Q3 2025 earnings report on November 18, with revenue expected to rise 31% quarter-over-quarter to $18.26 million.
Canaan (CAN) Expands Bitcoin Mining Output and Secures $72M Strategic Investment
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