Canaan disclosed unaudited operating data as of August 31, 2026, showing it sold all 3,952 ETH holdings in late August at an average price of about $2,400 per coin. The crypto mining company also sold 54 BTC at an average price of about $79,000 per coin. Canaan used part of the proceeds to repurchase approximately 13.6 million American Depositary Shares, bringing its total ADS repurchases since the start of the year to about 16.4 million.