Overview of 2025 Mining Performance
Canaan has released its unaudited Bitcoin mining update for the year ended December 31, 2025. The company mined 1,091 new Bitcoin through mining operations and acquired an additional 128 through market purchases.
However, the company used 776 Bitcoin to cover electricity-related expenses. Additionally, Canaan generated 13 Bitcoin in sales revenue and 0.83 Bitcoin in interest income.
- Mining additions: 1,091 Bitcoin
- Market purchases: 128 Bitcoin
- Electricity expenses: 776 Bitcoin
- Sales revenue: 13 Bitcoin
- Interest income: 0.83 Bitcoin
Steady Growth in Bitcoin Holdings
In total, as of December 31, 2025, Canaan's Bitcoin holdings reached 1,750, a 35% increase compared to the 1,293 Bitcoin held at the end of 2024.
This growth reflects not only the company’s continued investment in mining but also its stable financial strategy amid market fluctuations.
Significant Growth in Ethereum Assets
In addition to Bitcoin, Canaan has seen significant growth in its Ethereum holdings. As of the end of 2025, the company's ETH holdings rose from 3 in 2024 to 3,951.
This increase was primarily driven by the company converting stablecoins from machine sales into 3,931 ETH, along with an additional 17 ETH obtained from other funding inflows.