Canaan Technology's 2025 Quarter 1 total revenue increased by about 136% year-on-year to $82.78 million
2025-05-20 13:49:30
Canaan Technology has released its unaudited Quarter 1 financial report. The company's total revenue for Quarter 1 reached $82.78 million, exceeding the previous financial forecast guidance of $75 million and increasing by 135.9% compared to the same period last year. As of March 31, 2025, it held 1,468.1 bitcoins, and the fair value of its cryptocurrency assets and cryptocurrency receivables combined was $125.90 million. For the second quarter of 2025, the company currently expects total revenue to be approximately $100 million.
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