Bitcoin Miner Canaan’s BTC and ETH Holdings Hit Record Highs in February

Canaan, a Bitcoin mining-machine manufacturer and mining operator, holds digital assets that reflect both its mining output and asset-allocation strategy. While peers have sold tokens amid operating costs and market volatility, Canaan has continued accumulating BTC and expanding its computing capacity in Texas, underscoring its long-term holding strategy.

Canaan’s latest disclosure showed holdings of 1,793 BTC and 3,952 ETH at the end of February, both record highs for the company. It maintained its long-term accumulation strategy rather than following some rivals in selling Bitcoin to raise cash, while continuing to expand its Texas mining operations.