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Canaan Technology's total revenue in the second quarter reached 100 million USD, with mining revenue of 28.1 million USD setting a new historical high.
According to Foresight News, Canaan Technology announced its financial report for the second quarter of 2025, with total revenue reaching 100 million USD, a year-on-year increase of 39.5%; Mining revenue hit a record high of 28.1 million USD, a year-on-year increase of 201.6%. In the second quarter, a total of 284 Bitcoins were mined, with an average revenue of 98,866 USD per Bitcoin. Gross profit rose to 9.3 million USD, reversing last year’s loss of 19.1 million USD during the same period. By the end of the quarter, the company’s Bitcoin holdings expanded to 1,483.5 Bitcoins.