嘉楠科技(Canaan)6-K披露8月比特币生产与运营更新：售清全部ETH及54BTC套现1390万美元，回购1360万份ADS

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6-K
1
tm2625372d1_6k.htm
FORM 6-K
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16
OR 15d-16 UNDER THE
SECURITIES EXCHANGE
ACT OF 1934
For the month of September 2026
Commission File Number:
001-39127
Canaan Inc.
28 Ayer Rajah Crescent
#06-08
Singapore 139959
(Address of principal
executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
x
Form 40-F
¨
EXHIBITS
Exhibit No.
Description
Exhibit 99.1
Canaan Inc. Provides August 2026 Bitcoin Production and Mining Operation Updates
SIGNATURE
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Canaan Inc.
By:
/s/ Nangeng Zhang
Name:
Nangeng Zhang
Title:
Chairman and Chief Executive Officer
Date: September 14, 2026

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EX-99.1
2
tm2625372d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
Canaan Inc. Provides
August 2026 Bitcoin Production and Mining Operation Updates
Sold all ETH
holdings and 54 BTC near short-term highs and repurchased 13.6 million ADSs
Equipment
installation set to begin at Canadian compute heat recovery project
SINGAPORE, Sept.
14, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in
compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending August 31, 2026.
Management Commentary
“August was a month of steady execution and active capital
allocation for the Company,” said Nangeng Zhang, chairman and chief executive officer of Canaan. “We mined 44 BTC
during the month and maintained our non-JV installed hashrate at 10.05 EH/s, supported by the competitive all-in power cost. Our joint
venture installed hashrate continued to advance, reaching 4.92 EH/s at month-end.”
Zhang continued,
“In late August, we began converting a portion of our digital asset treasury into shareholder value. We sold our entire Ethereum
position of 3,952 ETH along with 54 BTC at average prices of approximately US$2,400 per ETH and US$79,000 per BTC, respectively, reflecting
the relatively favorable market conditions at the time and generating approximately US$13.9 million in cash. We used a portion of the
proceeds to repurchase approximately 13.6 million American Depositary Shares (“ADSs”), bringing total repurchased ADSs to
approximately 16.4 million since the beginning of the year. At month-end, we hold 1,868 BTC and remain committed to a strategic digital
asset treasury. Our ability to produce bitcoin at a competitive cost provides a source of capital generated through our own operations,
giving us flexibility in allocating capital toward long-term per-share value.”
“We continue
to build toward a more integrated computing and energy platform. At our compute heat recovery greenhouse project in Canada, the computing
equipment has arrived on site, with installation now underway ahead of the winter heating season. Through disciplined capital allocation
and continued execution of our energy efficiency initiatives, we remain focused on building a more resilient platform and creating sustainable
value for our shareholders.”
August 2026 Bitcoin Mining Updates
(unaudited)
Key
Metrics
Results
(Rounded Numbers)
Bitcoins
Mined During the Month
44
BTC
Month-End
Bitcoins and ETH Owned by Canaan Inc. on Balance Sheet
1
1,868
BTC
0 ETH
Month-End
Installed Hashrate (EH/s)
Non-JV:
10.05 EH/s
JV
5
: 4.92 EH/s
Month-End
Operating Hashrate (EH/s)
2
Non-JV:
10.05 EH/s
JV
5
: 4.11 EH/s
Month-End
Average Revenue Split
3
60.6%
(excluding JV ownership)
Average
All-in Power Cost During the Month
4
US$0.043/kWh
August 2026 Bitcoin Mining Infrastructure
Updates (unaudited)
North
America
Non-North
America
Global
Month-End
Average Miner Efficiency
Non-JV:
17.9 J/TH
JV
5
:
24.7 J/TH
29.3
J/TH
Non-JV:
23.7 J/TH
JV
5
:
24.7 J/TH
Month-End
Installed Power Capacity
Non-JV:
88.7 MW
JV
5
:
120 MW
157.5
MW
Non-JV:
246.2 MW
JV
5
:
120 MW
Notes:
1.
Defined
as the total number of bitcoins and ETH owned by the Company on its balance sheet, including
any bitcoins and ETH receivable, and excluding bitcoins and ETH received as customer deposits.
2.
Defined
as the operating hashrate that could theoretically be generated by all energized mining machines
as of month-end, including machines that may be temporarily offline, and applies only to
non-JV operations.
3.
Defined
as the weighted average percentage that Canaan would receive from the total revenues generated
according to the applicable joint mining arrangements if 100% of the mining machines consisting
of Installed Computing Power (as defined below) were energized.
4.
Defined
as the weighted average cost of power if 100% of the mining machines consisting of Installed
Computing Power were energized.
5.
“JV”
represents the Company’s 49% stake in the Alborz, Bear, and Chief Mountain facilities
in West Texas. JV metrics are shown separately and are not included in bitcoin production
or average all-in power cost calculations.
Current Mining Projects (As of August 31, 2026):
Regions
in alphabetical order
(A to Z)
Active
Mining
Projects
Count
Operating
Computing
Power
6
Installed
Computing
Power
7
Expected
Computing
Power
8
Estimated
Total
Computing
Power
9
Global
13
14.15 EH/s
14.96 EH/s
0.27 EH/s
15.23 EH/s
America
4
4.90 EH/s
4.90 EH/s
0.00 EH/s
4.90 EH/s
JV-WindHQ
3
4.11 EH/s
4.92 EH/s
0.00 EH/s
4.92 EH/s
Canada
2
0.06 EH/s
0.06 EH/s
0.27 EH/s
0.33 EH/s
Ethiopia
10
2
4.96 EH/s
4.96 EH/s
0.00 EH/s
4.96 EH/s
Middle East
1
0.04 EH/s
0.04 EH/s
0.00 EH/s
0.04 EH/s
Malaysia
1
0.08 EH/s
0.08 EH/s
0.00 EH/s
0.08 EH/s
Notes:
6.
Defined
as the amount of computing power that could theoretically be generated if all mining machines
that have been energized were currently in operation, including mining machines that may
be temporarily offline, and applies only to non-JV operations.
7.
Defined
as the sum of Operating Computing Power and computing power that has been installed but not
yet in operation, if any.
8.
Defined
as the amount of computing power that has been delivered to the country where each mining
project is located, but not yet installed.
9.
Defined
as the sum of Installed Computing Power and Expected Computing Power.
10.
Canaan
has paused its mining operations in Ethiopia, but its hashrate remains part of the Company’s
installed hashrate.
Recent Corporate
Updates:
Authorized Share
Repurchase Using Portion of Digital Asset Treasury
On August 4,
2026, the Company announced that it authorized its management to monetize a portion of its digital asset treasury to fund repurchases
of its ADSs. The repurchases will be executed under the Company’s existing share repurchase program authorized by its board of
directors on December 12, 2025. Management believes the current market value does not fully reflect the Company's underlying assets
and performance. The decision to allocate a portion of digital asset treasury toward ADS repurchases reflects management’s confidence
in the Company’s strategy and represents a disciplined approach to capital allocation, focused on enhancing long-term shareholder
value.
As of September 14,
2026, the Company had monetized 3,952 ETH and 54 BTC for US$13.9 million in cash and deployed US$5.4 million to repurchase 13.6 million
ADSs in late August.
About Canaan
Inc.
Established in
2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development,
computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the
ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology
under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan,
please visit
https://www.canaan.io/
.
Safe Harbor
Statement
This press release
contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes," "estimates"
and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Canaan
Inc.'s strategic and operational plans, contain forward-looking statements. Canaan Inc. may also make written or oral
forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms
20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its
officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.'s beliefs
and expectations, such as expectations with regard to revenue or mining hash rate deployment, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained
in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future
business development, the ability of the Company to execute against its goals, financial condition and results of operations; the expected
growth of the bitcoin industry and the price of bitcoin; the Company's expectations regarding demand for and market acceptance
of its products, especially its bitcoin mining machines; the Company's expectations regarding maintaining and strengthening
its relationships with production partners and customers; the Company's investment plans and strategies, fluctuations in the Company's
quarterly operating results; competition in its industry; changing macroeconomic and geopolitical conditions, including evolving international
trade policies and the implementation of increased tariffs, import restrictions, and retaliatory trade actions; and relevant government
policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included
in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of
this press release, and Canaan Inc. does not undertake any obligation to update any forward-looking statement, except as required
under applicable law.
###
Investor Relations Contact
Canaan Inc.
Xi Zhang
Email:
IR@canaan-creative.com
Christensen Advisory
Christian Arnell
Email:
canaan@christensencomms.com
Media Contact
BlocksBridge Consulting
Jesse Colzani
Email:
canaan@blocksbridge.com