Canaan counted paused Ethiopia mining as nearly 35% of its July operating hashrate total

Canaan'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 leaves 9.28 EH/s, but that is an exclusion calculation because Canaan's July operating update defines operating computing power more broadly than a live meter.

Canaan'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's non-joint-venture operations.

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.

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