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Canaan Technology Q3 Financial Report: Bitcoin holdings increased to 1,231.3 coins, total revenue of 73.61 million USD

TechFlowNov 20, 2024

According to TechFlow, on November 20, Canaan Technology released its financial report for the third quarter of 2024:


Total revenue was $73.61 million, a year-on-year increase of 120.9%, exceeding expectations;


Total sales computing power was approximately 7.30 million Thash/s, a year-on-year increase of 93.8%;


Mining revenue was $8.96 million, with 147 Bitcoins mined, averaging $61,034 per Bitcoin;


Operating loss was $56.84 million, a year-on-year narrowing of 49.6%;


Holds 1,231.3 Bitcoins, with a fair value of crypto assets at $79.02 million.

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Canaan Technology Q3 Financial Report: Bitcoin holdings increased to 1,231.3 coins, total revenue of 73.61 million USD

TechFlowNov 20, 2024

According to TechFlow, on November 20, Canaan Technology released its financial report for the third quarter of 2024:


Total revenue was $73.61 million, a year-on-year increase of 120.9%, exceeding expectations;


Total sales computing power was approximately 7.30 million Thash/s, a year-on-year increase of 93.8%;


Mining revenue was $8.96 million, with 147 Bitcoins mined, averaging $61,034 per Bitcoin;


Operating loss was $56.84 million, a year-on-year narrowing of 49.6%;


Holds 1,231.3 Bitcoins, with a fair value of crypto assets at $79.02 million.

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