Canaan mined 46 BTC in July, held 1,917 BTC at month-end

Nasdaq-listed Bitcoin mining machine maker Canaan said it mined 46 BTC in July, bringing its crypto holdings as of month-end to 1,917 BTC and 3,952 ETH. Canaan’s self-operated mining facilities had a hash rate of 10.05 EH/s at the end of July, while the operating hash rate at its Alborz joint venture, which had faced disruptions from wildfires, recovered to 4.20 EH/s. The company also said it recently authorized management to sell part of its crypto holdings for share buybacks and plans to use mined BTC for capital management depending on market conditions.