Core Insights - The company, Jia Nan Technology, reported an increase in operational metrics for October 2025, with deployed hash rate, operational hash rate, North American mining machine efficiency, and installed power capacity all surpassing September levels [1] - Despite an increase in mining difficulty across the network, the company produced 92 BTC in October, with a deployed hash rate of 9.31 EH/s and an operational hash rate of 7.85 EH/s [1] - The company's total cryptocurrency holdings increased to 1,610 BTC and 3,950 ETH, supported by a rigorous mining operation and holding strategy [1] Operational Performance - The operational hash rate improved to approximately 8.25 EH/s as of November 7, following the reallocation of less efficient mining machines [1] - The company maintains a stable revenue-sharing ratio and electricity costs [1] Strategic Initiatives - Jia Nan Technology is advancing a global strategy focused on sustainability, efficiency, and innovation [1] - A pilot project named "Gas to Hash Power" was launched in Alberta, Canada, converting stranded natural gas into clean, low-cost electricity for Bitcoin mining [1] - The company introduced the next-generation Avalon® A16 series, featuring the flagship air-cooled model A16XP, which achieves a hash rate of 300 TH/s and an energy efficiency ratio of 12.8 J/TH [1]

Core Insights - The company, Canaan Inc. (NASDAQ: CAN), reported an increase in operational metrics for October 2025, with deployed hash rate, operational hash rate, North American mining machine efficiency, and installed power capacity all surpassing September levels [1] Group 1: Mining Operations Update - In October, the company produced 92 BTC despite an increase in mining difficulty, with a deployed hash rate of 9.31 EH/s and an operational hash rate of 7.85 EH/s [1] - By reallocating some low-efficiency mining machines, the overall operational hash rate increased to approximately 8.25 EH/s as of November 7 [1] - The company's total cryptocurrency holdings grew to 1,610 BTC and 3,950 ETH [1] Group 2: Strategic Initiatives - The company launched a pilot project in Alberta, Canada, converting stranded natural gas into clean, low-cost electricity for Bitcoin mining, aligning with its vision for scalable green infrastructure [1][5] - The new Avalon® A16 series was introduced, featuring the flagship air-cooled model A16XP, which achieves a hash rate of 300 TH/s and an energy efficiency of 12.8 J/TH [1][7] Group 3: Major Orders and Market Position - The company secured a significant order for over 50,000 Avalon A15 Pro mining machines from a U.S. Bitcoin mining company, marking its largest single order in three years, expected to be delivered in Q4 2025 [4] - This order reflects the company's technological leadership and the recovery momentum in the U.S. mining industry, reinforcing its position as a preferred supplier for institutional-grade mining infrastructure [4] Group 4: Compliance and Market Confidence - The company’s American Depositary Shares (ADS) met the minimum bid price requirement of $1.00 for ten consecutive trading days, eliminating the risk of delisting from NASDAQ [8]