{"id":555957,"date":"2026-08-19T05:00:38","date_gmt":"2026-08-19T04:00:38","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=555957"},"modified":"2026-08-18T18:31:34","modified_gmt":"2026-08-18T17:31:34","slug":"canaan-counted-paused-ethiopia-mining-as-nearly-35-of-its-july-operating-hashrate-total","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/canaan-counted-paused-ethiopia-mining-as-nearly-35-of-its-july-operating-hashrate-total\/","title":{"rendered":"Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total"},"content":{"rendered":"

Canaan's July mining update counted 4.96 exahashes per second from paused operations in Ethiopia inside 14.24 EH\/s of global operating computing power. That means nearly 35% of the reported total came from a country where Canaan did not confirm how much capacity was hashing at month-end.<\/p>\n

Subtracting the Ethiopia row from the rounded global figure leaves 9.28 EH\/s, but that is an exclusion calculation because Canaan's July operating update defines operating computing power more broadly than a live meter.<\/p>\n

Canaan's<\/a> definition notes that operating computing power is the theoretical output<\/a> of energized mining machines, assuming all were operating. The metric can include machines that are temporarily offline and applies to the company's non-joint-venture operations.<\/p>\n

\"Infographic<\/a>
Canaan reported 14.24 EH\/s of operating computing power in July, including 4.96 EH\/s from its Ethiopia operations.<\/figcaption><\/figure>\n

The July table assigned the full 4.96 EH\/s to two Ethiopia projects in both the operating and installed columns. Footnote 10 then said Canaan had paused its mining operations in Ethiopia but kept the hashrate in installed capacity.<\/p>\n

The filing did not say whether the paused machines remained energized or how much, if any, was hashing on July 31.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

A sharp change from June<\/h2>\n

As of June 30, Canaan listed Ethiopia at only 0.36 EH\/s<\/a> of operating computing power against 4.96 EH\/s installed.<\/p>\n

Canaan said that the decrease primarily reflected one mining site going temporarily offline beginning in mid-June because of local power-grid maintenance. A month later, the July table returned Ethiopia's full 4.96 EH\/s to the operating column even as the new footnote described the country's mining operations as paused.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

The two disclosures do not establish that the July Ethiopia pause had the same cause, or that Canaan still considered it temporary. The documents also show why the 9.28 EH\/s subtraction cannot be treated as an adjusted live total, since the filings provide table classifications.<\/p>\n

The scope issue also limits comparisons with production. Canaan reported mining 46 BTC<\/a> in July and holding 1,917 BTC and 3,952 ETH<\/a> at month-end, but those production numbers do not cover every row in the global capacity table.<\/p>\n

Canaan separately reports metrics for its 49%-owned Alborz, Bear and Chief Mountain joint ventures in West Texas. It says joint-venture output is excluded from the company's Bitcoin production and average all-in power-cost calculations, even though joint-venture capacity appears in the global projects table.<\/p>\n\n

\n \n
\n Related Reading<\/span>\n

Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M<\/h3>\n <\/div>\n \n <\/i>\n <\/span>\n <\/a>\n<\/div>\n\n

Canaan's 14.24 EH\/s figure is best read as operating capacity under the company's theoretical definition.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company placed 4.96 EH\/s in its operating column while a footnote said Ethiopia mining was paused.<\/p>\n","protected":false},"author":1264,"featured_media":556101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77952,77968,60793,2376],"tags":[81073,76769,76128,72190,78295],"post_folder":[],"acf":[],"yoast_head":"\nCanaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total<\/title>\n<meta name=\"description\" content=\"Canaan placed 4.96 EH\/s in its operating column, while a footnote said Ethiopia mining was paused.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/canaan-counted-paused-ethiopia-mining-as-nearly-35-of-its-july-operating-hashrate-total\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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