Jiawei Technology Q3 Financial Report: Revenue increased by 120.9% year-on-year, BTC holdings increased to 1,231.3 coins.

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, representing a year-on-year increase 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, generating an average revenue of $61,034 per bitcoin; 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 combined fair value of cryptocurrency assets and cryptocurrency receivables amounting to $79.02 million.