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Canaan says June mining output reached 64 Bitcoin, reserves rise to record 1,915 Bitcoin

Canaan says June mining output reached 64 Bitcoin, reserves rise to record 1,915 Bitcoin

The unaudited June update said Canaan added 49 Bitcoin to its reserves, with total Bitcoin holdings valued at about $123.5 million and Ether holdings at 3,952.

BTC

Fact Check
Canaan's own official press release (PRNewswire, July 14, 2026) confirms all elements of the claim precisely: 64 BTC mined in June, 49 BTC added after operating costs and BTC received for miner sales, record total holdings of 1,915 BTC, and 3,952 ETH. Independent outlets Investing.com and bitbank.cc corroborate identical figures, and the source explicitly notes the update is unaudited, matching the claim's wording.
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Summary

Canaan Inc. said its unaudited June 2026 Bitcoin mining update showed production of 64 Bitcoin, while net reserves increased by 49 Bitcoin to a record 1,915 Bitcoin. The company said the total Bitcoin holdings were worth about $123.5 million, and it also held 3,952 Ether. The June increase reflected the gap between gross mining output and the amount retained on the balance sheet, with some Bitcoin also received as customer payment for mining hardware sales. Canaan said it formally adopted a digital asset holding policy in July 2025, when it held roughly 1,484 Bitcoin. By the end of May 2026, holdings had reached 1,867 Bitcoin, and treasury trackers ranked the company at about 33rd among public companies globally by Bitcoin holdings.

Terms & Concepts
  • Bitcoin mining: The process of using computing power to secure the network and earn Bitcoin rewards.
  • digital asset holding policy: A corporate policy that governs whether and how a company keeps cryptocurrencies on its balance sheet.
  • balance sheet: A financial statement that shows a company's assets, liabilities and equity at a given time.