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Hayes is bullish on BTC and ETH, Canaan mined

2026-10-15 21:56 · 3 sources

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On October 15, 2026, Arthur Hayes said he is not betting on the short-term rise or fall of AI assets, instead betting on a potentially forthcoming trillion-dollar-scale bailout plan, and going long BTC and ETH; on the same day, Canaan disclosed September mining output of 44 bitcoin, with total holdings of 1,875 bitcoin at the end of September.

Event Timeline

Background and Impact

On October 15, 2026, two pieces of news pointing in different directions appeared in the crypto market. Wu Shuo reported at 04:54 that day that BitMEX co-founder Arthur Hayes wrote in a post that it is currently difficult to judge whether AI-related assets are about to fall sharply, and that he will not bet on their short-term rise or fall; rather than predicting an inflection point in the AI market, he is more inclined to bet on a potentially forthcoming trillion-dollar-scale bailout plan, and explicitly stated he is long BTC and ETH. In the afternoon of the same day, Odaily Planet Daily (13:39) and PANews (13:40) successively reported Canaan's bitcoin mining update.

Hayes's judgment is built on previous warnings. The Wu Shuo report mentioned that he had previously warned that overheated investment in AI data centers could trigger an industry collapse, in turn forcing governments and central banks to provide large-scale liquidity support; he believes the subsequent monetary expansion could become an important catalyst for the rise of bitcoin and other crypto assets. The focus of this statement is not on predicting the short-term trajectory of AI assets, but on betting on the potential monetary expansion itself.

As for Canaan, the figures disclosed by the two sources are consistent: September mining output of 44 bitcoin, total bitcoin holdings reaching 1,875 at the end of September, month-end installed hashrate of 4.87 EH/s, and operating hashrate of 4.18 EH/s. PANews mentioned that this output was achieved against the backdrop of rising network difficulty. The two materials differ in how they describe the reporting period: Odaily Planet Daily called it an "unaudited bitcoin mining update as of August 31, 2026," while PANews called it Canaan's "September 2026 bitcoin production and mining business update." The materials do not provide further explanation of the discrepancy.

The two pieces of news are at different levels. Hayes's statement is a macro liquidity and asset allocation judgment, while Canaan's data reflects the mining company's own output, holdings and hashrate status; the available materials do not show a direct connection between the two, nor has either party responded to the other's news. As far as confirmable information goes, the anchor of Hayes's bet is a potentially forthcoming trillion-dollar-scale bailout plan and the monetary expansion it would bring, while what Canaan disclosed is its monthly output, holdings and hashrate level against the backdrop of rising network difficulty; neither provides a conclusion about future prices or policy direction.

Frequently Asked Questions

### Which assets is Hayes specifically bullish on this time?

He explicitly stated he is long BTC and ETH, while also saying it is currently difficult to judge whether AI-related assets are about to fall sharply, and that he will not bet on their short-term rise or fall.

### What data did Canaan disclose this time?

September mining output of 44 bitcoin, total bitcoin holdings reaching 1,875 at the end of September, month-end installed hashrate of 4.87 EH/s, and operating hashrate of 4.18 EH/s.

### How do the two sources differ on Canaan's reporting period?

Odaily Planet Daily called it an "unaudited bitcoin mining update as of August 31, 2026," while PANews called it a "September 2026 bitcoin production and mining business update." The materials provide no further explanation.

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