Leo Wang @ Canaan Avalon

VP of Cap. Markets & Corp. Dev., Canaan Inc. ($CAN)

[Leo Wang @ Canaan Avalon @herder1981]

Hi, please feel free to subscribe to Canaan’s newsletter here (and let us know if you have any topic related to the industry that you’d like to see discussed!) https://t.co/2TDVzZd9iH

[Leo Wang @ Canaan Avalon @herder1981]

https://t.co/cvAvO5jjoH

[Leo Wang @ Canaan Avalon @herder1981]

A block was hit by a user of @canaanio Avalon Nano 3S!

[Red Panda Mining @RedPandaMining]

🚀 Freakin Canaan Nano 3S hit a Bitcoin block #951771 WILD

https://t.co/v9OkIovaMq

https://t.co/iQC8CBnYSZ

[Leo Wang @ Canaan Avalon @herder1981]

@RedPandaMining Again?

[Canaan Inc. @canaanio]

🎙️ Crawl, Walk, Run: A Beginner’s Path Into Bitcoin Mining with @altair_tech

Everyone starts somewhere. The key is knowing what comes next.

📅 Tuesday, June 2nd
⏰ 10:30 AM CST

Set a reminder 👇
https://t.co/FbckgGcZNe

[Leo Wang @ Canaan Avalon @herder1981]

Thank you for recording my panel!

[Altair Technology® ⛏️ @altair_tech]

“People are no longer majorly pursuing more hashrate efficiency… but rather to use Bitcoin mining as the technology to tap into energy play in modern society.” — Leo Wang @herder1981 of @Canaanio

Bitcoin mining is evolving beyond pure profitability.

Stranded energy. Heat reuse. Grid balancing. Real-world energy applications.

Are you reusing the heat from your miners? 🔥⛏️

https://t.co/xIlv9H0fDo

[Leo Wang @ Canaan Avalon @herder1981]

@diranoteg @canaanio We talked about AI-HPC in our earnings call. If you missed it, here is a transcript - https://t.co/EbzxoTq3Ta

[Canaan Inc. @canaanio]

In 2015, one chip changed what bitcoin mining could be.

28nm. 1 TH/s. Canaan sold it to anyone who wanted one.

That decision built a community closed ecosystems never could.

[Canaan Inc. @canaanio]

April numbers are in and our platform is growing.

This month’s update includes our JV operations.

Full report: https://t.co/XVes3ZZOy2

[Canaan Inc. @canaanio]

Q1 2026 earnings are here.

Record treasury.
Home mining up 116% YoY.
Continued expansion in West Texas and the Nordics.

Built for the long game.

Full Q1 2026 earnings release → https://t.co/CsFqWR0yAc

[Canaan Inc. @canaanio]

We won a competitive bid to supply a Nordic district heating network.

8 MW of Avalon hydro-cooled units. ~2,800 homes. High-grade heat from compute.

Hash-to-heat is here.
#Bitcoin #HashToHeat

Full press release → https://t.co/nF0krnhG62

[Canaan Inc. @canaanio]

🎙️ If you missed it live:

Behind the channel with @HobbyistMiner is now up.

Honest takes on creating, home mining, and what’s next.

What do you 🫵 want to see next in home mining? Let us know below.

https://t.co/UYT1iAdH7I

[Sandmark @sandmark_news]

Canaan Inc. is targeting up to 1 Gigawatt (GW) of operated power capacity through acquisitions in 2026, pivoting strongly as retail and grid-balancing consumer hardware surges.

[TheEnergyMag @TheEnergyMag]

Canaan to Heat 2,800 Nordic Homes With Bitcoin Miners $CAN https://t.co/AadUh6JlQk

[Leo Wang @ Canaan Avalon @herder1981]

@__hira__86 Hi Chandrase-Cor, we are not too concerned about July delisting risk. There are rules that potentially allow us more time. We are working on this.

[Leo Wang @ Canaan Avalon @herder1981]

Canaan Wins Nordic Heating Bid, Turns Bitcoin Mining Waste Heat Into Residential Hot Water https://t.co/DDvuH1QMAf

[Leo Wang @ Canaan Avalon @herder1981]

@v3w3n We are not too concerned about delisting risk. There are rules that may allow us more time to push through what we've been working on. Thank you.

[Leo Wang @ Canaan Avalon @herder1981]

@_H4Q_ Hi @19BH98 I'd encourage you to listen to our recent earnings call, or search online for transcript of that meeting. I'm hopeful that reading through the session will give you some color on our strategy. It's a challenging time for all of us, but we are working hard.

[Leo Wang @ Canaan Avalon @herder1981]

@canaanio The return of home mining!

[Leo Wang @ Canaan Avalon @herder1981]

Nice review! Thanks for pointing out the efficiency, quietness and powder coating of our A16 XP miner!

[Red Panda Mining @RedPandaMining]

🚀 NEW Canaan Avalon A16 XP 🚀

Been putting the Canaan Avalon A16 XP 300 Th/s model through its paces, and the efficiency tuning is where things got interesting 👇

Power Mode 0: 303 TH/s @ 4005W (13.2 J/T)
Power Mode -1: 275 TH/s @ 3554W (12.92 J/T)
Power Mode -2: 255 TH/s @ 3250W (12.74 J/T)

On paper, Mode 0 brings the raw power but dialing it down actually tightens efficiency in a meaningful way.

Love the powder coated shell and only 2x 140mm fans. It’s very quiet just like the previous A15 series.

I’m giving away 24 hour BTC hashrate from this thing! Whether you want solo or pool hash. Watch and comment in the video I reviewed the A16 XP here to enter:

https://t.co/9BFcYsjHxh

Huge thanks to @canaanio for sending it for review!

#Bitcoin #Mining #ASIC #CryptoMining #Avalon

[Leo Wang @ Canaan Avalon @herder1981]

@sprainhill @matthew_sigel Yes, unregulated crypto exchanges need new revenue streams, and compete against regulated exchanges on rates. Still, our borrowing rates are much lower.