Canaan Pauses Bitcoin Mining Operations in Ethiopia

Canaan has paused its bitcoin-mining operations in Ethiopia, according to a footnote in the company's July 2026 operating update. The Ethiopian capacity nevertheless remained in the published hashrate figures.

Capacity included in the reporting

The update, released on August 17 and covering July 31, assigned 4.96 exahashes per second to two Ethiopian projects. Its country table reported 14.24 EH/s globally. Dividing the Ethiopian figure by that total gives approximately 34.8 percent, explaining the roughly 35 percent share highlighted in coverage.

Installed capacity and active mining differ

Canaan's definitions allow machines that are temporarily offline to remain within some capacity measures. Its Ethiopia footnote explicitly says operations have paused while the hashrate remains part of installed capacity. The capacity figure therefore cannot be read as proof that those machines were producing bitcoin throughout July.