Weekly Update: Major Bitcoin Mining Companies (August 4, 2025)
Canaan
Canaan Launches Bitcoin-First Cryptocurrency Strategy
Canaan formally adopted a Bitcoin-centric cryptocurrency holding policy, designating BTC as its primary long-term reserve asset. The company has accumulated 1,484 BTC as of June 30, 2025, aligning its financial strategy with the broader Bitcoin ecosystem. This shift positions Canaan as a Bitcoin accumulator, blending hardware manufacturing with self-mining operations.
Canaan Supplies 6,840 A15 Pro Miners to Cipher Mining
Canaan produced and delivered 6,840 A15 Pro ASIC miners for Cipher Mining’s Black Pearl facility, a key expansion for the mining infrastructure provider. The order reflects Canaan’s role as a critical supplier amid rising demand for high-efficiency mining hardware.
Cipher Mining
Cipher Mining’s Black Pearl Facility Receives New Miners
Cipher Mining integrated 6,840 Avalon A15 Pro miners from Canaan into its Black Pearl facility, enhancing its operational capacity. The miners, optimized for energy efficiency, support Cipher’s goal to scale mining operations amid rising competition and difficulty levels.
Industry-Wide Context
Bitcoin Mining Difficulty Hits Record Highs
The Bitcoin network’s mining difficulty surged to 127.6 trillion, intensifying competition and compressing profit margins for miners. A 3% difficulty reduction is expected on August 9, 2025, offering limited relief to operators struggling with lower BTC prices (~$113,005) and rising energy costs. Learn more about Bitcoin mining difficulty and how it affects profitability.
Companies Without Recent Updates
Other major mining firms (Bitdeer, Argo, Marathon, Hut 8, Core Scientific, Hive) lacked notable announcements in the reviewed period, per available sources, however, you can read more about strategic moves in global bitcoin mining companies.
