{"id":12063,"date":"2026-08-19T04:49:19","date_gmt":"2026-08-19T04:49:19","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12063"},"modified":"2026-08-19T04:49:19","modified_gmt":"2026-08-19T04:49:19","slug":"canaan-counted-paused-ethiopia-mining-as-nearly-35-of-its-july-operating-hashrate-total","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12063","title":{"rendered":"Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total"},"content":{"rendered":"<p><\/p>\n<div data-single-article-content=\"\">\n<p>Canaan&#8217;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<p>Subtracting the Ethiopia row from the rounded global figure leaves 9.28 EH\/s, but that is an exclusion calculation because Canaan&#8217;s July operating update defines operating computing power more broadly than a live meter.<\/p>\n<p>Canaan&#8217;s definition notes that operating computing power is the theoretical output of energized mining machines, assuming all were operating. The metric can include machines that are temporarily offline and applies to the company&#8217;s non-joint-venture operations.<\/p>\n<figure id=\"attachment_555968\" aria-describedby=\"caption-attachment-555968\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-555968\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94.png\" alt=\"Infographic showing Canaan's 14.24 EH\/s July operating total, including 4.96 EH\/s in paused Ethiopia operations and a 9.28 EH\/s arithmetic remainder.\" width=\"720\" height=\"1080\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-200x300.png 200w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-683x1024.png 683w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-768x1152.png 768w\" sizes=\"(max-width: 720px) 100vw, 720px\"\/><img decoding=\"async\" class=\"lazyload wp-image-555968\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94.png\" alt=\"Infographic showing Canaan's 14.24 EH\/s July operating total, including 4.96 EH\/s in paused Ethiopia operations and a 9.28 EH\/s arithmetic remainder.\" width=\"720\" height=\"1080\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94.png 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-200x300.png 200w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-683x1024.png 683w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-798861d8-c4a0-4d9d-8fae-4ac327244e94-768x1152.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><figcaption id=\"caption-attachment-555968\" class=\"wp-caption-text\">Canaan reported 14.24 EH\/s of operating computing power in July, including 4.96 EH\/s from its Ethiopia operations.<\/figcaption><\/figure>\n<p>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<p>The filing did not say whether the paused machines remained energized or how much, if any, was hashing on July 31.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/10\/bitcoin-ethiopia-1024x538.jpg\" alt=\"Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"538\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/10\/bitcoin-ethiopia-1024x538.jpg\" alt=\"Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Ethiopia harnesses low-cost energy for Bitcoin mining from renewable sources<\/h3>\n<p>Bitcoin miners in the African country already consumes 600 MW of power.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Oct 9, 2024<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<h2>A sharp change from June<\/h2>\n<p>As of June 30, Canaan listed Ethiopia at only 0.36 EH\/s of operating computing power against 4.96 EH\/s installed.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p>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&#8217;s full 4.96 EH\/s to the operating column even as the new footnote described the country&#8217;s mining operations as paused.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/bitcoin-difficulty-1024x576.jpg\" alt=\"Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/bitcoin-difficulty-1024x576.jpg\" alt=\"Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin faces one of its biggest mining difficulty drops as miner margins collapse<\/h3>\n<p>The network is adjusting to weaker hashrate, yet miner income remains under pressure as several indicators move deeper into stress territory.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">Jun 13, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Oluwapelumi Adejumo<\/span><\/p>\n<\/div><\/div>\n<p>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<p>The scope issue also limits comparisons with production. Canaan reported mining 46 BTC in July and holding 1,917 BTC and 3,952 ETH at month-end, but those production numbers do not cover every row in the global capacity table.<\/p>\n<p>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&#8217;s Bitcoin production and average all-in power-cost calculations, even though joint-venture capacity appears in the global projects table.<\/p>\n<div class=\"cs-article-embed\">\n<div class=\"cs-article-embed__media\"> <img loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/canaan-treasury-1024x576.jpg\" alt=\"Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" width=\"1024\" height=\"576\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/05\/canaan-treasury-1024x576.jpg\" alt=\"Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<div class=\"cs-article-embed__body\"> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Canaan earnings show Q1 revenue collapse as record BTC and ETH treasury nears $148M<\/h3>\n<p>Canaan earnings highlighted collapsing ASIC demand, weaker guidance, and a growing Bitcoin and Ethereum treasury approaching $148 million.<\/p>\n<p> <span class=\"cs-article-embed__meta-item\">May 22, 2026<\/span> <span class=\"cs-article-embed__meta-divider\">\u00b7<\/span> <span class=\"cs-article-embed__meta-item\">Liam &#8216;Akiba&#8217; Wright<\/span><\/p>\n<\/div><\/div>\n<p>Canaan&#8217;s 14.24 EH\/s figure is best read as operating capacity under the company&#8217;s theoretical definition.<\/p>\n<\/div>\n<p>Earnings,Featured,Legal,Mining,Bitcoin,BTC,ETH,ethereum,miningBitcoin,BTC,ETH,ethereum,mining#Canaan #counted #paused #Ethiopia #mining #July #operating #hashrate #total1787114959<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canaan&#8217;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. Subtracting the Ethiopia row from the rounded global figure<\/p>\n","protected":false},"author":1,"featured_media":12064,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,285,4581,6347,601,31,6349,1376,4679,447,6217,6348,1749],"class_list":["post-12063","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-btc","tag-canaan","tag-counted","tag-eth","tag-ethereum","tag-ethiopia","tag-hashrate","tag-july","tag-mining","tag-operating","tag-paused","tag-total"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total - Crypto News: Latest Cryptocurrency News and Analysis<\/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:\/\/cryptonews.uk.com\/?p=12063\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total\" \/>\n<meta property=\"og:description\" content=\"Canaan placed 4.96 EH\/s in its operating column, while a footnote said Ethiopia mining was paused.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12063\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-19T04:49:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/canaan-filing-hashrate-gap.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12063\",\"name\":\"Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/canaan-filing-hashrate-gap.jpg\",\"datePublished\":\"2026-08-19T04:49:19+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Canaan placed 4.96 EH\/s in its operating column, while a footnote said Ethiopia mining was paused.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12063\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/canaan-filing-hashrate-gap.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/canaan-filing-hashrate-gap.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12063#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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