Jia Nan Technology mined 44 BTC in August, liquidated 3,952 ETH, and sold 54 BTC

According to PR Newswire, Canaan Inc. (CAN) released its unverified Bitcoin mining operation data for August. In August, 44 BTC were mined, and as of the end of the month, the balance sheet held 1868 BTC, with all ETH positions completely liquidated.

The company sold all 3952 ETH and 54 BTC at the end of August, with average prices of approximately $2400 and $79,000, respectively, cashing out about $13.9 million, and used about $5.4 million of that to repurchase approximately 13.6 million ADS, bringing the total repurchased this year to about 16.4 million ADS. Its non-joint venture mining facility has an installed hash rate of 10.05 EH/s, while the joint venture (JV) mining facility has an installed hash rate of 4.92 EH/s, with a comprehensive electricity cost of approximately $0.043 per kilowatt-hour for the month.