Canaan Technology Reports August Bitcoin Production and Mining Update

Canaan Technology has published its August bitcoin production and mining business update, revealing that the company mined a total of 98 Bitcoins during the month. This brings their cumulative bitcoin holdings to 1,547 by the end of August. Canaan’s installed computing power reached 8.6 EH/s throughout August, with projections expecting this to exceed 10 EH/s once all equipment is fully deployed.