Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance

Bitget App

Trade smarter

Bitget

News

Markets

Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance

Bitget-RWA2025/11/12 15:16

By:Bitget-RWA

- Canaan Inc. mined 92 BTC in October 2025, expanding its treasury to 1,610 BTC and 3,950 ETH while achieving 8.25 EH/s operating hashrate after hardware redeployment. - CEO Nangeng Zhang emphasized disciplined mining operations and cost efficiency, maintaining $0.042/kWh power costs amid rising Bitcoin mining difficulty. - The firm launched eco-friendly gas-to-computing projects in Alberta and unveiled the Avalon® A16XP ASIC miner with 300 TH/s efficiency, advancing sustainable infrastructure. - Bitcoin E

Canaan Inc. (NASDAQ: CAN), a prominent player in the cryptocurrency mining sector, achieved notable milestones in October 2025, extracting 92

BTC

and increasing its digital asset reserves to 1,610 BTC and 3,950 ETH by the end of the month. The company’s unaudited performance update reveals a deployed hashrate of 9.31 EH/s and an operational hashrate of 7.85 EH/s, with operational efficiencies improving in its North American facilities, as detailed in a

PR Newswire report

Chairman and CEO Nangeng Zhang attributed the company’s growth to prudent mining practices and effective treasury strategies. Despite increasing

Bitcoin

mining challenges,

Canaan

kept its revenue distribution and electricity expenses steady, with an average power cost of $0.042 per kWh in October. The company also upgraded its mining fleet by reallocating less efficient equipment, raising its operational hashrate to 8.25 EH/s by mid-November, according to the same

PR Newswire report

Bitcoin Latest Updates: Canaan Turns Gas into Gold with Green Mining Technology, Enhancing BTC Output and Performance image 0

Canaan’s forward-looking approach to sustainability and technology highlights its commitment to long-term growth. In Alberta, Canada, the company is piloting a project that transforms unused natural gas into affordable energy for Bitcoin mining, supporting its goal of scalable and environmentally conscious infrastructure. At the same time, Canaan introduced its advanced Avalon® A16XP ASIC miner, which achieves 300 TH/s at 12.8 J/TH, establishing a new standard for energy-efficient mining hardware, as noted in the

PR Newswire report

The wider crypto market also demonstrated resilience. An Asia Morning Briefing report indicated that Bitcoin ETFs saw net inflows of $299.8 million as of November 7, ending a two-week period of outflows, according to a

Yahoo Finance report

. This shift signals a resurgence in investor interest in crypto-related funds, with Fidelity’s FBTC and Ark 21Shares (ARKB) leading the way. Analysts point out that Bitcoin’s approach to 95% of its total supply enhances its reputation as a store of value, even amid market fluctuations, as the

Yahoo Finance report

observes.

Canaan’s progress in operations and technology puts it in a strong position to benefit from changes in the crypto industry. With more mining capacity set to be activated in the fourth quarter of 2025, the company is focused on boosting efficiency and broadening its international presence.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Joseph Chalom, ex-BlackRock digital assets head, positions Ethereum as the trusted infrastructure for institutional finance due to its stablecoin dominance, tokenization capabilities, and smart contract ecosystem. - Major firms like BlackRock and Fidelity leverage Ethereum for tokenized funds, while projects like Securitize advance asset tokenization, with Sharplink staking $3B ETH to generate 3% annual yields. - Despite Ethereum's recent price volatility (trading at $3,421 as of Nov 11, 2025), instituti

Bitget-RWA•2025/11/12 17:08

Bitcoin Updates: The $1.2 Million Bitcoin Buzz Versus Broader Economic Facts – Which Side Holds True?

- Peter Schiff dismisses Cathie Wood's $1.2M Bitcoin 2030 target as speculative, arguing macroeconomic fundamentals don't justify such valuations. - Wood attributes her bullish stance to institutional adoption and macro tailwinds, reflected in ARK's strategic investments in disruptive tech. - Market data shows Bitcoin's volatility amid whale offloading, ETF outflows, and mixed institutional positioning, signaling ongoing bearish-bullish tug-of-war. - Stablecoin growth to $4T by 2035 raises regulatory conce

Bitget-RWA•2025/11/12 17:08

Bitcoin Updates: The $1.2 Million Bitcoin Buzz Versus Broader Economic Facts – Which Side Holds True?

SEC's Classification of Cryptocurrencies: Transparency Amidst Political Ambiguity

- The SEC plans to launch a "token taxonomy" to classify crypto assets as securities or commodities, using the Howey Test as a legal framework. - The framework clarifies that digital commodities and collectibles fall outside SEC jurisdiction, while tokenized securities retain existing regulations. - Proposed exemptions aim to streamline crypto fundraising, aligning with congressional efforts and collaboration with CFTC for non-security oversight. - Trump's administration supports the initiative, urging yea

Bitget-RWA•2025/11/12 17:08

SEC's Classification of Cryptocurrencies: Transparency Amidst Political Ambiguity

ICP Caffeine AI's Recent Momentum: Could This Spark a New Wave of AI-Powered Web3 Advancements?

- Dfinity's ICP Caffeine AI platform merges blockchain and AI, enabling natural language dApp development with tamper-resistant execution. - Strategic partnerships with Microsoft Azure and $237B TVL growth in Q3 2025 drove ICP's 385% monthly price surge and 261% trading volume increase. - While institutional adoption validates the platform's potential, challenges remain in sustaining user engagement and competing with centralized AI providers. - Long-term success hinges on Cycles consumption, App Market mo

Bitget-RWA•2025/11/12 17:08