[Canaan Mined 98 Bitcoins in August, Total Bitcoin Holdings Reach 1,547] Golden Finance reported that Canaan Inc. (NASDAQ: CAN) released its Bitcoin mining update as of August 31, 2025: 98 Bitcoins were mined during the month, bringing the total Bitcoin holdings to 1,547 by the end of the month. The company's globally deployed hash rate reached 8.6 EH/s, with total hash rate expected to exceed 10 EH/s. In North America, mining machine efficiency dropped below 20 J/TH for the first time, with an average electricity cost of $0.042/kWh. The company is expanding its self-owned mining facilities in the United States while continuing to establish operations in Southeast Asia and Ethiopia. Additionally, Canaan is enhancing mining infrastructure and financing convenience through collaborations with Bitfury and Luxor.