Bitmain Technologies' Bitcoin mining revenue in the fourth quarter of last year was $15.30 million, a year-on-year increase of 312.5%.

According to a report by PR Newswire on March 26, Shenchao TechFlow reports that Bitcoin mining equipment manufacturer Canaan Inc. (NASDAQ: CAN) has announced its unaudited financial results for the fourth quarter and the full year of 2024.

In the fourth quarter, total revenue reached 88.80 million USD, exceeding expectations with a year-on-year growth of 80.9%; total hash power sold reached a record 9.10 million TH/s, a year-on-year increase of 65.9%; Bitcoin mining revenue was 15.30 million USD, representing a year-on-year growth of 312.5%, during which a total of 186 Bitcoins were mined, with an average revenue of 82,174 USD per Bitcoin.