Canaan Technology Q3 Financial Report: Total revenue is 73.61 million US dollars, Bitcoin holdings increased to 1231.3 coins

On November 20, according to official news, Canaan Inc. (NASDAQ stock code: CAN) released its unaudited financial performance report as of September 30, 2024 today. The report shows that the total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, an increase of 120.9% year-on-year; total sales computing power was about 7.3 million Thash/s, a year-on-year increase of 93.8%; mining income was $8.96 million, with 147 bitcoins mined and an average income per bitcoin of $61,034; operating loss was $56.84 million, a decrease of 49.6% year-on-year . As of September 30th ,2024 ,the company held a total of1 ,231 .3 bitcoins ,with fair value combined from cryptocurrency assets and receivables totaling$79 .02million.