Wu Shuo learned that Canaan Inc. announced its unaudited financial report for the first quarter of 2025, with total revenue reaching 82.78 million USD, a year-on-year increase of 135.9%. During the reporting period, the company sold computing power of 5.50 million TH/s, a year-on-year growth of 62.6%; mining revenue was 24.25 million USD, up 131.9% year-on-year; a total of 259 bitcoins were mined, with an average revenue of 93,466 USD per bitcoin; total operating expenses amounted to 38.28 million USD; adjusted EBITDA loss was 38.13 million USD. By the end of the first quarter, the company held a total of 1,468.1 bitcoins, with the fair value of crypto assets and related accounts receivable totaling approximately 125.90 million USD.

Wu Shuo learned that Canaan Inc. announced its unaudited financial report for the first quarter of 2025. The total revenue for the first quarter reached 82.78 million USD, a year-on-year increase of 135.9%. During the reporting period, the company sold computing power of 5.50 million TH/s, a year-on-year increase of 62.6%; mining revenue was 24.25 million USD, a year-on-year increase of 131.9%; a total of 259 bitcoins were mined, with an average revenue per bitcoin of 93,466 USD; total operating expenses were 38.28 million USD; adjusted EBITDA loss was 38.13 million USD. By the end of the first quarter, the company held a total of 1,468.1 bitcoins, with the fair value of crypto assets and related accounts receivable totaling approximately 125.90 million USD.

Canaan Inc. Announces Unaudited Financial Results for Q1 2025