According to TechFlow, on November 20, Canaan Technology released its financial report for the third quarter of 2024:
Total revenue was $73.61 million, a year-on-year increase of 120.9%, exceeding expectations;
Total sales computing power was approximately 7.30 million Thash/s, a year-on-year increase of 93.8%;
Mining revenue was $8.96 million, with 147 Bitcoins mined, averaging $61,034 per Bitcoin;
Operating loss was $56.84 million, a year-on-year narrowing of 49.6%;
Holds 1,231.3 Bitcoins, with a fair value of crypto assets at $79.02 million.