The mining hardware manufacturer accumulates 1,793 BTC and 3,952 ETH for a combined value of approximately $128 million, while competitors sell.
Bitcoin mining company Canaan has increased its digital asset reserves to record levels in February, signaling a long-term accumulation strategy despite challenging market conditions across the sector. According to the monthly update published on Tuesday, the company produced 86 BTC during the month, bringing total reserves to 1,793 BTC, a new corporate record.
Ether reserves also reached an all-time high, with Canaan now holding 3,952 ETH. The combined value of the digital asset treasury amounts to approximately $128 million at current prices.
Chairman and Ceo Nangeng Zhang reaffirmed the company’s strategic outlook: “We maintain a long-term perspective in building and managing our digital asset treasury.” Canaan has also expanded its mining operations, with an installed hashrate reaching 14.75 exahashes per second (EH/s). In February, the company acquired a 49% stake in three Bitcoin mining projects in West Texas for $39.75 million, with the goal of increasing mining capacity in North America.
Canaan’s strategy stands in sharp contrast to the rest of the industry’s behavior. Since October 2025, when Bitcoin’s price peaked at around $126,000 before falling more than half to the $60,000 range, publicly listed mining companies have collectively sold more than 15,000 BTC. Among the most notable transactions are Cango‘s sale of 4,451 BTC in February and Core Scientific‘s plan to divest up to 2,500 BTC in the current quarter.
