Core Insights - Canaan Inc. achieved a historic high in deployed hashrate of 9.30 EH/s and recorded a cryptocurrency treasury of 1,582 BTC and 2,830 ETH as of September 30, 2025 [1][2][3] Group 1: Mining Performance - The company mined 92 bitcoins in September 2025, with an average all-in power cost of US$0.042/kWh [2][3] - The month-end operating hashrate was 7.84 EH/s, with North American efficiency improved to 19.7 J/TH [2][3] - Canaan's global average miner efficiency stood at 25.7 J/TH, with North America at 19.7 J/TH and non-North America at 29.3 J/TH [3] Group 2: Strategic Partnerships and Orders - Canaan formed a partnership with Soluna Holdings to deploy 20 MW of Avalon A15 XP Bitcoin miners at a wind-powered data center in Texas, expected to be operational in Q1 2026 [7] - The company secured a landmark purchase order for over 50,000 Avalon A15 Pro miners, marking its largest single order in three years, scheduled for delivery in Q4 2025 [8] Group 3: Financial Metrics - The company ended September 2025 with a total of 1,582 bitcoins and 2,830 ETH, reflecting a disciplined accumulation strategy [2][3] - The month-end average revenue split was 57.7%, indicating a strong revenue generation capability [3]