Canaan mines 44 BTC in September, treasury reaches 1,875 BTC
- —Mined 44 BTC in September, treasury rose to 1,875 BTC
- —Non-JV installed hashrate at 10 EH/s, JV at 4.87 EH/s
- —Sold 3,952 ETH and 54.5 BTC for $13.9 million to fund buybacks
- —Repurchased 13.6 million ADS for $5.4 million, 16.4 million year-to-date
Why it matters: The update shows miners monetizing crypto assets to fund share buybacks as hashprice recovers.
Source: PR Newswire Blockchain