Canaan sold all 3,952 ETH it held at about $2,400 each and 54 BTC at about $79,000 each, raising $13.9 million in cash. The Nasdaq-listed Bitcoin mining rig maker used $5.4 million of the proceeds to buy 13.6 million American depositary shares, or ADS, on the open market. The transactions brought its year-to-date ADS repurchases to about 16.4 million. As of the end of August, Canaan held 1,868 BTC. The figures were disclosed in an unaudited operational update through Aug. 31, 2026.