$CAN Canaan Reports Record May Mining Efficiency and Expands Hash-to-Heat

Canaan reported unaudited May 2026 bitcoin mining results on June 11, 2026, showing self-mining output of 90 BTC plus 24 BTC from customer payments, bringing its treasury to 1,867 BTC and 3,952 ETH at month-end. The company ended May with 10.05 EH/s of installed hashrate and 6.47 EH/s operating hashrate for non-joint ventures, while its North American self-mining fleet reached record efficiency of 17.9 J/TH and global average efficiency improved to 23.7 J/TH, underscoring operational resilience amid margin pressure.