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Canaan Reports 89 Bitcoin Mined in March, Holdings Reach 1,808 BTC

Canaan Reports 89 Bitcoin Mined in March, Holdings Reach 1,808 BTC

According to Prnewswire, the company’s March update also showed 3,952 ETH on hand and global installed capacity of 266.3 megawatts after adding more than 10 megawatts during the month.

BTC
ETH

Fact Check
The claim is strongly supported by the primary source, PR Newswire’s 'Canaan Inc. Provides March 2026 Bitcoin Production and Mining Operation Updates,' which explicitly states that Canaan mined 89 BTC in March, held 1,808 BTC and 3,952 ETH at month-end, added over 10 MW during the month, and reached 266.3 MW of global installed power capacity. Canaan’s own investor-relations release page repeats the same figures, providing direct official corroboration. The StockTitan mirror also reflects the same numbers, though it is lower-authority than the official sources.
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Terms & Concepts
  • Bitcoin mining: The process of using computing power to validate blockchain transactions and earn newly issued Bitcoin rewards.
  • Installed capacity: The amount of power infrastructure available to run mining equipment, typically measured in megawatts.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and network fees.