By Isaac • September 9, 2026 3:26 pm •
Canaan just made a capital-allocation move that cuts straight across the usual Bitcoin-miner playbook.
The Avalon mining-machine maker sold its entire 3,952 ETH position and another 54 Bitcoin in late August, raising approximately $13.9 million in cash. A portion of that money went toward buying back Canaan shares.
The sale goes well beyond a small portfolio rebalance. A public crypto company chose its own deeply discounted equity over part of the digital-asset treasury it had built on its balance sheet.
Canaan previewed the earnings release several days before publishing the results:
Canaan Inc. (NASDAQ: CAN) will report its second quarter 2026 financial results before the U.S. market opens on September 8, 2026.
Management will hold
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!