Canaan's July mining update counted 4.96 EH/s from paused operations in Ethiopia within its 14.24 EH/s global total. That means nearly 35% of the reported operating power came from a site the company itself describes as paused. The discrepancy raises questions about how the firm reports its hashrate.
The Ethiopia discrepancy
As of June 30, Ethiopia was listed at just 0.36 EH/s of operating computing power against 4.96 EH/s installed. One mining site had gone temporarily offline for local power-grid maintenance. In the July table, the full 4.96 EH/s returned to the operating column, even though a footnote described the country's mining operations as paused.
The filing didn't specify whether the paused machines remained energized or how much was actually hashing on July 31. That's a meaningful gap, because the number appears in the headline global figure.
What "operating" means
Canaan defines operating computing power as the theoretical output of energized machines, assuming all were operating. That definition can include temporarily offline machines. So subtracting the Ethiopia row from the global figure leaves 9.28 EH/s, but that's not a live total either. It's just what's left when you remove a row that may or may not reflect real hashing.
The distinction matters. A machine that's plugged in but not solving blocks isn't producing revenue, yet it still counts toward the reported hashrate.
The rest of the month
Canaan mined 46 BTC in July and held 1,917 BTC and 3,952 ETH at month-end. Those numbers are straightforward, but they don't clarify the Ethiopia situation.
Joint-venture output excluded
There's another reporting quirk. Output from the company's joint ventures — the 49%-owned Alborz, Bear, and Chief Mountain sites in West Texas — is excluded from Bitcoin production and average all-in power-cost calculations. That capacity still appears in the global projects table, but it doesn't factor into the headline production figures.
The unresolved question is whether those Ethiopia machines were energized and hashing on July 31. Until Canaan clarifies that, the reported 14.24 EH/s is hard to take at face value.
