Canaan Inc. sold all its Ethereum holdings (3,952 ETH) and 54 Bitcoin near short-term highs, generating about $13.9 million in cash. The company used part of these proceeds to repurchase 13.6 million American Depositary Shares, reflecting confidence in its strategy and aiming to enhance shareholder value. Canaan mined 44 BTC in August and maintained a strong hashrate, while progressing with equipment installation for its Canadian compute heat recovery project. These moves highlight Canaan's focus on capital allocation, energy efficiency, and building a resilient computing and energy platform.
Canaan Inc. updates on Bitcoin production and mining operations provide context for readers. For those tracking the US stock market on Pluang, 63 of 150 priced stocks rose while 81 fell. Notable movers include NOK at USD 10.07 with a -9.65% change, MRVL at USD 217.50 down -7.88%, and HPE at USD 57.22 down -7.84%, as of Sep 14, 2026 18:52 WIB.
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