PANews reported on February 20 that according to PRNewswire, Canaan Inc. released an unaudited monthly update on its Bitcoin mining business as of January 31, 2025, which disclosed that 88 bitcoins were mined in January 2025, and the number of bitcoins held on Canaan Inc.'s balance sheet at the end of the month was 1,319. The deployed computing power at the end of the month was ~6.43 EH/s, and the operating computing power at the end of the month was ~5.53 EH/s.