Canaan Reports Record Bitcoin and Ethereum Holdings in April 2026 Update

According to Canaan, the company held 1,826 BTC and 3,952 ETH at month-end, while self-mining produced 90 BTC and non-joint-venture installed hashrate reached 10.97 EH/s.

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Summary

Canaan said its April update showed it held 1,826 BTC and 3,952 ETH as of April 30. The company reported 90 BTC from self-mining in April and said customer payments added another 3 BTC. It also stated that its non-joint-venture installed hashrate reached 10.97 EH/s. Separately, Canaan said it received a new Tether order on April 28 for high-density miner hash boards to be deployed at a Tether-linked South American mining site.

Terms & Concepts
  • Self-mining: Bitcoin mining operated directly by the company, with rewards kept on its own balance sheet.
  • Hashrate: A measure of mining computing power; higher hashrate generally means greater capacity to compete for block rewards.
  • Hash boards: Hardware components inside mining machines that perform the calculations used in Bitcoin mining.