<p>According to Foresight News, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the period ending September 30, 2024. The report shows that total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, and representing a year-on-year growth of 120.9%; total sales of computing power were approximately 7.30 million Thash/s, a year-on-year increase of 93.8%; mining revenue was $8.96 million, with 147 bitcoins mined, and the average revenue per bitcoin was $61,034; operating loss was $56.84 million, narrowing by 49.6% year-on-year. As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables totaling $79.02 million.</p>

Foresight News reports that Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the quarter ending September 30, 2024. The report shows that total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, with a year-on-year growth of 120.9%; 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, resulting in an average revenue of $61,034 per bitcoin; operating loss was $56.84 million, a year-on-year reduction of 49.6%. As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a fair value of cryptocurrency assets and cryptocurrency receivables amounting to $79.02 million.

Canaan Technology Q3 Financial Report: Total revenue is $73.61 million, Bitcoin holdings increase to 1,231.3 coins.