PANews, November 20, according to official news, Canaan Inc. (Nasdaq: CAN) today released its unaudited financial performance report for the period ending September 30, 2024. The report shows that total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, with a year-on-year growth of 120.9%; total hash power sold was approximately 7.30 million Thash/s, up by 93.8% year-on-year; mining revenue was $8.96 million, with 147 Bitcoins mined, and the average revenue per Bitcoin was $61,034; operating loss was $56.84 million, narrowing by 49.6% year-on-year. As of September 30, 2024, the company held a total of 1,231.3 Bitcoins, with a combined fair value of cryptocurrency assets and cryptocurrency receivables amounting to $79.02 million.