NewsHK

Canaan Logs Record 17.9J/TH Fleet Efficiency in May as Nordic Hash-to-Heat Push Extends Global Footprint

6/16/2026

(NASDAQ: CAN) reported a record North American fleet efficiency of 17.9 joules per terahash in May 2026, a roughly 11% year-on-year improvement, while simultaneously extending its hash-to-heat operations into the Nordic region.

The Singapore-released update marks a dual advance in energy economics and geographic diversification for the $BTC miner.

North American Fleet Hits a Measurable Milestone The 17.9J/TH figure is the data point worth anchoring on.

Joules per terahash is a direct measure of energy consumed per unit of computational output — lower is better, and a lower reading translates to reduced electricity cost per bitcoin mined, all else equal.

Keep reading

Read the full story

Open on NewsHK