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Canaan Inc., the company that builds the machines other people use to mine Bitcoin, has been quietly stacking its own pile. The NASDAQ-listed mining hardware manufacturer disclosed its June 2026 unaudited mining performance on July 14, revealing a net addition of 49 BTC to its corporate treasury.
That brings the company’s total Bitcoin stash to 1,915 BTC, valued at approximately $123.5 million. Alongside the 1,915 BTC, Canaan also holds 3,952 ETH.
The numbers behind Canaan’s June mining haul
Canaan’s self-mining operations produced 64 BTC during June 2026. The net addition of 49 BTC reflects the difference between gross mining output and what ends up staying on the balance sheet. Some of those Bitcoin came from customer payments for hardware sales, meaning the company is accepting BTC as payment and holding it rather than converting to fiat.
According to Bitcoin treasury trackers, Canaan now ranks approximately 33rd among public companies globally in terms of Bitcoin holdings.
A strategy that started paying off a year ago
The company formally adopted its digital asset holding policy in July 2025, making an explicit corporate commitment to building long-term BTC reserves. At that point, the firm held roughly 1,484 BTC.
By the end of May 2026, the company held 1,867 BTC, meaning the June addition of 49 BTC net represents a steady monthly cadence of accumulation. From July 2025 to July 2026, the treasury has grown from 1,484 BTC to 1,915 BTC — an increase of about 431 BTC, or roughly 29%, in a single year.
As an ASIC chip designer and manufacturer, Canaan sits at the intersection of hardware production, self-mining operations, and treasury management. Unlike companies that issue debt or equity to fund BTC purchases, Canaan generates Bitcoin through its mining operations and receives it as payment from customers.
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