Canaan Technology today announced its unaudited financial results for the three months ended June 30, 2025, reporting strong revenue growth, record mining production and a milestone expansion of its bitcoin reserves. Total revenue reached $100.20 million, beating the company's previous expectations and growing 39.5% year-over-year, accelerating growth momentum. Mining revenue reached a record high of $28.10 million, up 201.6% year-over-year, mining 284 bitcoins, averaging $98,866 per bitcoin. Gross profit surged to $9.30 million, reversing a $19.10 million gross loss in the same period last year.
By the end of the quarter, the bitcoin reserve had expanded to 1,483.5 bitcoins, and by the end of July 2025, the bitcoin reserve had further expanded to 1,511 bitcoins, marking a strategic milestone in the company's long-term accumulation model.
Jianan Technology's mining revenue reached $28.10 million in the second quarter, and its bitcoin reserves expanded to 1,483.5
2025-08-14 11:12:58
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
