The joint venture hashrate at Canaan Inc. (NASDAQ: CAN) recovered significantly through June 2026 and approached full-installed capacity, the Singapore-based crypto miner reported in unaudited data published July 14. The operational update covers the period ended June 30, 2026.
Joint venture: recovery without a rate
Canaan's headline data point for June is directional. The hashrate "recovers significantly" and "approaches" full-installed capacity; specific exahash figures do not appear in the released summary. The language implies a prior operational shortfall in the joint venture, now largely resolved.
What the filing does not contain
The update is unaudited. Canaan, which trades on Nasdaq under CAN and mines $BTC, did not attribute statements to a named executive in the available portion of the release. Per-unit efficiency, total bitcoin produced, and revenue-linked metrics are absent from the summary.
Investors tracking $BTC mining names will need the full July 14 filing to assess realized capacity utilization and the run-rate economics behind the June recovery.
Source: Canaan Inc. press release via PRNewswire, July 14, 2026. All operational data unaudited.