PANews August 8 news, according to PRNewswire, Canaan Inc. disclosed that the Bitcoin production in July was 89 coins, and the total amount of Bitcoin held by the end of the month reached 1,511 coins. The company has completed its exit from the Kazakhstan mining business and terminated a hosting agreement for a 0.96 EH/s mining machine in South Texas. The relevant mining machines are being transferred to a new partner, and approximately 0.50 EH/s is expected to be back online in August. At the end of July, the company's deployed computing power was 7.95 EH/s, the operating computing power was 6.24 EH/s, and the average electricity cost was $0.042/kWh. The company has officially adopted a long-term Bitcoin holding policy.
