2026

Avalon

Bitcoin

April

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Canaan reported mining 90 Bitcoin during April 2026 as the company continued combining mining hardware production with direct cryptocurrency mining operations. Canaan also increased its digital asset reserves to 1,826 BTC and 3,952 ETH.
<h2 class="wp-block-heading" id="canaan-increased-reserves-to-1-826-btc">Canaan increased reserves to 1,826 BTC</h2>
Canaan released its operational update for April 2026.
During the month, the company mined 90 BTC using its own mining infrastructure. Canaan also disclosed updated figures for its corporate cryptocurrency reserves. The company currently holds 1,826 BTC, and 3,952 ETH
At current market prices, the company’s digital asset portfolio represents a significant part of its balance sheet.
Canaan remains one of the few publicly traded companies that simultaneously:
<ul>
 <li>manufactures ASIC miners</li>
 <li>operates mining facilities</li>
 <li>accumulates digital assets as treasury reserves</li>
</ul>
The company continues developing its Avalon mining hardware lineup while allocating part of its equipment fleet to self-mining operations.
<h2 class="wp-block-heading" id="canaan-continues-combining-mining-with-hardware-sales">Canaan continues combining mining with hardware sales</h2>
Canaan’s strategy reflects a growing trend across the cryptocurrency mining industry.
Several mining companies now prefer retaining a portion of mined Bitcoin rather than immediately liquidating all production.
This approach allows operators to:
<ul>
 <li>build long-term cryptocurrency reserves</li>
 <li>reduce dependence on hardware sales</li>
 <li>diversify revenue sources</li>
 <li>strengthen corporate balance sheets</li>
</ul>
For Canaan, direct mining activity also serves as a hedge against fluctuations in demand for mining equipment.
Industry analysts note that combining hardware manufacturing with self-mining operations helps stabilize business performance during weaker market conditions.
<h2 class="wp-block-heading" id="asic-manufacturers-expand-direct-mining-operations">ASIC manufacturers expand direct mining operations</h2>
Canaan’s results demonstrate that ASIC hardware manufacturers continue expanding their role inside the broader Bitcoin ecosystem.
Instead of functioning only as equipment suppliers, companies increasingly seek multiple revenue streams tied directly to cryptocurrency markets.
Analysts believe large Bitcoin and Ether reserves may improve financial resilience for publicly traded miners and hardware manufacturers.
However, the strategy also increases exposure to cryptocurrency market volatility.
<h2 class="wp-block-heading" id="crypto-reserves-become-part-of-corporate-planning">Crypto reserves become part of corporate planning</h2>
Canaan’s business model highlights the ongoing transformation of the cryptocurrency mining sector.
Mining companies increasingly combine:
<ul>
 <li>hardware manufacturing</li>
 <li>infrastructure development</li>
 <li>direct mining operations</li>
 <li>cryptocurrency treasury management</li>
</ul>
This structure creates additional revenue channels while reducing dependence on a single segment of the market.
Over the coming years, major ASIC manufacturers may continue expanding proprietary mining operations and digital asset reserves.
Read also: <a href="https://ultramining.com/news/en/canaan-mined-89-btc-in-march-2026/" rel="noopener noreferrer nofollow">Canaan mined 89 BTC in March 2026</a>

Canaan mined 90 BTC and expanded crypto reserves

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