Canaan Inc. Reports 87 BTC Mining Output in April 2025 Amid Power Outage in Ethiopia

On May 15th, Canaan Inc., a Nasdaq-listed entity, published its **unaudited Bitcoin mining update** for the month ending April 30, 2025. The report revealed a total **mining output** of **87 BTC**, showcasing a robust performance in an increasingly competitive market. Canaan’s total **Bitcoin holdings** now stand at **1,424 coins**, reflecting the company’s commitment to expanding its presence in the cryptocurrency sector.

The company’s **deployed hash rate** has reached a noteworthy **8.15 EH/s**, underscoring its operational strength. However, the report noted a minor **power outage** at its mining facility in Ethiopia during April. Notwithstanding this challenge, the facility maintained an impressive **normal operating time** of **95%**, highlighting Canaan’s resilience in managing operational risks effectively.