Canaan Technology announced its third-quarter financial report, with Bitcoin holdings increasing to 1,231.3 coins.
According to Wu, Canaan Creative has released its unaudited financial performance report for the period ending September 30, 2024. The report shows that total revenue for the third quarter was $73.61 million, a year-on-year increase of 120.9%; 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, each bitcoin generating an average revenue of $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.
Canaan Technology announced its third-quarter financial report, with Bitcoin holdings increasing to 1,231.3 coins.
According to Wu, Canaan Creative has released its unaudited financial performance report for the period ending September 30, 2024. The report shows that total revenue for the third quarter was $73.61 million, a year-on-year increase of 120.9%; 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, each bitcoin generating an average revenue of $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.
