Mining company Canaan produced 86 BTC in February and plans to accelerate integrated energy deployment in the United States.

PANews, March 10 – Bitcoin mining machine manufacturer Canaan (exchange code: CAN, Canaan Technology) has released its Bitcoin mining operations data for February 2026. The company produced 86 BTC during the month, with its self-held crypto assets increasing to 1,793 BTC and 3,952 ETH, valued at approximately $128 million (excluding holdings from joint ventures). The company’s deployed computing power reached 14.75 EH/s, of which 4.4 EH/s at the Alborz, Bear, and Chief Mountain data centers in Texas, USA, was obtained through the recent acquisition of a 49% stake in Cipher Mining, adding 120 MW of power capacity with an average electricity price below $0.03 per kWh. The company’s average comprehensive electricity cost for the month was $0.044 per kWh. Previously, management increased their holdings in the open market by approximately 1.4565 million ADS shares at an average price of $0.51.