Canaan buys 49% stake in three Texas mining sites for $40M

Published:

February 24, 2026

Reading time: Less than 1 min.

Canaan acquires a stake in three operating Texas mining facilities with 120 MW of power and 4.4 EH/s hashrate as it expands beyond hardware into infrastructure operations.

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Canaan buys 49% stake in three Texas mining sites for $40M

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