Canaan Inc. June 2026 Bitcoin Mining Update and Corporate Developments

Canaan Inc. filed a Form 6-K providing its unaudited bitcoin mining update for June 2026. The company produced 64 BTC during the month and added 49 BTC to its cryptocurrency treasury, reaching record holdings of 1,915 BTC and 3,952 ETH. Joint venture hashrate recovered significantly from May wildfire disruptions, approaching full-installed capacity. The company maintained North American non-JV fleet efficiency at 17.9 J/TH. Corporate updates include completion of transfer to Nasdaq Capital Market on July 1, 2026, with an additional 180-day compliance period sought for minimum bid price requirements. CEO and CFO purchased 1,065,000 ADSs in open market transactions at average price of $0.35 per ADS. Canaan also won a competitive bid to provide 8 MW of hash-to-heat equipment to a Nordic district heating network, building on previous successful deployments.