ME News report, April 21 (UTC+8): According to comprehensive disclosures from BBX cryptocurrency-related stock information, Canaan submitted a Form 6-K to the SEC on April 20, revealing that it produced 89 BTC in March, increasing its crypto treasury to a record high of 1,808 BTC and 3,952 ETH, with the integration of its low-cost mining facility in Texas now complete; HIVE Digital Technologies announced the issuance of $75 million in zero-coupon convertible notes to fund GPU and AI data center expansion, and received conditional approval for a listing upgrade on the Toronto Stock Exchange’s main board.
Key Updates Quick Recap
Canaan Inc. (NASDAQ: CAN) filed a Form 6-K with the SEC on April 20, disclosing its March operational report: the company produced 89 BTC during the month, increasing its cryptocurrency treasury to a record high of 1,808 BTC and 3,952 ETH. Non-JV deployed hash rate reached 10.97 EH/s, with operating hash rate at 6.89 EH/s at month-end; global Non-JV installed capacity totaled 266.3 MW, with an additional 120 MW from the Texas joint venture listed separately; North American miner efficiency was 18.7 J/TH, with an average consolidated electricity cost of $0.044 per kWh.
HIVE Digital Technologies (NASDAQ: HIVE) has issued $75 million in zero-coupon convertible senior notes due 2031, offered to qualified investors by its wholly owned subsidiary, HIVE Bermuda 2026 Ltd., with an additional $15 million overallotment option for the initial purchasers; the proceeds will be used for GPU procurement and expansion of AI data centers, including scaling the BUZZ HPC business. HIVE has also received conditional approval for listing on the main board of the Toronto Stock Exchange (TSX), with a target to complete its move from the TSX Venture Exchange around April 30, thereby expanding access for institutional investors. As of April 2026, HIVE held 2,201 BTC (approximately $165.8 million).
Market perspective
Canaan has accumulated a dual-token treasury with electricity costs of $0.044 per kWh, while HIVE has financed AI compute power using zero-coupon notes and migrated to the TSX main board—both represent two verifiable survival strategies for mining companies during BTC’s downturn: one based on cost efficiency, the other on restructuring.（Source: BBX）
