Canaan reports Ethiopia mining paused at 4.96 EH/s in July

By: cryptoslate.com|2026/08/19 04:00:38

Canaan's July mining update indicated that 4.96 exahashes per second (EH/s) from paused operations in Ethiopia contributed to a total of 14.24 EH/s of global operating computing power, representing nearly 35% of the reported total. The update did not clarify how much capacity was hashing at the end of July. Excluding Ethiopia's contribution from the global figure results in 9.28 EH/s, but this is an exclusion calculation as Canaan's definition of operating computing power includes theoretical output from energized mining machines, regardless of their operational status. Canaan's July report assigned the full 4.96 EH/s to two projects in Ethiopia, despite noting that operations were paused. The filing did not specify whether the paused machines remained energized or how much, if any, was hashing on July 31. In contrast, as of June 30, Ethiopia was reported at only 0.36 EH/s of operating power due to a mining site temporarily going offline for local power-grid maintenance. The July update reinstated the full 4.96 EH/s to the operating column without confirming the cause of the pause or its temporary status. Canaan mined 46 BTC in July and held 1,917 BTC and 3,952 ETH at month-end, but these production figures do not encompass all rows in the global capacity table. Canaan's 14.24 EH/s figure should be interpreted as operating capacity under its theoretical definition.

-- Price

--
--
--

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.

You may also like

Cybersecurity Events: USB Worm Targets Crypto Wallets, Apple Closes Hole in Beats Studio Buds

Cybersecurity events over the past week have once again been closely tied to cryptocurrencies: attackers promoted a clipper through fake reputations on GitHub and YouTube, a USB worm spread via hidden Windows shortcuts, and researchers discovered a new Android trojan for stealing digital assets. The...

Solana Surpasses Base with 518,400 x402 Transactions

On January 20, Solana (SOL) processed 518,400 x402 transactions in a single day, surpassing Base for the first time in six months. The increase in x402 transactions is interpreted as an indicator of the frequency of AI agent payments and stablecoin usage.

Ethereum EIP-8148 Discusses Adjustment of Automatic Withdrawal Criteria from 32 ETH to 2048 ETH

A proposal is being discussed that allows validators to set the automatic withdrawal criteria for Ethereum (ETH) staking rewards. EIP-8148 enables the 0x02 compound validator to set the automatic withdrawal threshold at 32 ETH...

Cofund Maps Over 24 Bitcoin Covenant Use Cases

Cofund has released an interactive atlas compiling over 24 use cases of Bitcoin (BTC) covenants. This material is not an announcement of new features applied to BTC, but rather a map that visually presents the covenant designs that are still in the discussion phase.

Purchase of Cryptocurrency Through Intermediaries Will Be Available to Unqualified Investors

The purchase of cryptocurrency through intermediaries in Russia will be allowed for unqualified investors after testing and within an annual limit. The Bank of Russia explained how the new order for the circulation of digital currency should work from September 1, if the law passes all remaining pro...

Saudi Arabia Leads Mecca Agreement, Oil Dollar System Faces New Trust Test

...

Contents

Latest coin listings on WEEX

iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com