Golden Finance reports that Canaan Technology today announced its unaudited financial results for the three months ending June 30, 2025. The report shows strong revenue growth, record Mining output, and a milestone expansion in Bitcoin reserves. Total revenue reached $100.2 million, exceeding the company's previous expectations, a year-on-year increase of 39.5%, with accelerating growth momentum. Mining revenue reached a historic high of $28.1 million, a year-on-year increase of 201.6%, mining 284 Bitcoins, with an average revenue of $98,866 per Bitcoin. Gross profit soared to $9.3 million, reversing a gross loss of $19.1 million in the same period last year.
By the end of the quarter, Bitcoin reserves expanded to 1483.5 Bitcoins. By the end of July 2025, Bitcoin reserves further increased to 1511 Bitcoins, marking a strategic milestone in the company's long-term accumulation model.