Canaan (NASDAQ: CAN) reported mining 92 Bitcoin in October 2025, showcasing its operational strength despite increasing network difficulty and energy costs. The company introduced the Avalon A16 mining machine, which delivers a 300 TH/s hash rate and 12.8 J/TH energy efficiency, marking a 15% improvement over previous models. Canaan's reserves have grown to 1,610 BTC and 3,950 ETH, providing a hedge against fiat currency volatility. In a strategic move, Canaan secured a $72 million equity investment from BH Digital and Galaxy Digital, notably without dilutive warrants. The company's Q3 2025 earnings report, due on November 18, is anticipated to show a 31% revenue increase quarter-over-quarter, reaching $18.26 million.