Jesse Ellis
April 11, 2025 10:06
Canaan Inc. showed that Bitcoin production increased by 9.8% in March 2025, and North America’s expansion plan is to greatly improve the mining capacity.
Canaan Inc., the leader of cryptocurrency mining solutions (NASDAQ: CAN) announced the latest update on the production and mining operation of Bitcoin as of March 2025.
Expansion
The company has added 0.32 EXAHAH (EH/S) per second to computing power that continues to install strategic expansion to North America. This expansion is part of the cooperation with partners such as Mawson Hosting LLC and Pennsylvania and Texas, and is expected to increase to 4.7 E/S, which operates additional mining capacity of Ghanaan.
Product development and innovation
Canaan’s promise to innovation is clear in the completion of the tape out process for the next generation A16 mining machine. This machine promises improved mining efficiency and user experience. The company plans to launch actual data and sample devices to clients after a comprehensive system test to ensure reliability and performance under practical conditions.
Operating indicators and finance
As of the end of March, Canaan owned 1,408 Bitcoins in the balance table. The company reported the hashrate of 6.60 EH/s and the 5.97 EH/S operation hashrate. They achieved the average sales division at 58.6%and the all -in power cost per kWh was $ 0.043.
Global Mining Project
Ghanaan’s global mining footprints include active projects in regions such as the United States, Canada, Ethiopia, Kazakhstan and the Middle East, and total computing power is 8.11 EH/S. These various geographic beings emphasize the ability to utilize Ghanaan’s global opportunities and optimize mining operation.
Strategic outlook
Nangeng Zhang, chairman and CEO of Ghanaan, emphasized continuous efforts to expand the company’s operation and improve the performance of the entire mining fleet. Due to the rapidly changing market situation, Canaan focuses on strategic growth, efficiency and innovation to provide long -term value to shareholders.
For more information, you can use the official update of Canaan Inc. in PR NEWSWIRE.
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