Wildfires are not typically a risk factor you find in a crypto company’s pitch deck. Canaan Inc. found out the hard way in May 2026, when disruptions at its Alborz mining site in West Texas forced a significant hashrate pullback at its joint venture with WindHQ. By end of June, that story had a much better ending.
Canaan (NASDAQ: CAN) released its unaudited Bitcoin production and mining operational update for June 2026 on July 14, confirming the JV’s operating hashrate had climbed back to 4.09 EH/s, approaching the site’s installed capacity of 4.81 EH/s.
The numbers behind the recovery
The June self-mining haul came in at 64 BTC, with a net addition of 49 BTC flowing into the corporate treasury after accounting for any disposals or costs.
That pushed Canaan’s total treasury holdings to a record 1,915 BTC and 3,952 ETH.
