Canaan Technology Reports Significant Growth in Q2 2025 Financial Results

According to BlockBeats, Canaan Technology has released its financial report for the second quarter of 2025, revealing substantial growth in various sectors. The company's total revenue for the quarter reached $100 million, marking a 39.5% increase compared to the same period last year. Notably, mining revenue hit a record high of $28.1 million, representing a 201.6% year-on-year growth. During this quarter, Canaan mined a total of 284 Bitcoins, with an average revenue of $98,866 per Bitcoin. The company's gross profit rose to $9.3 million, reversing a gross loss of $19.1 million from the previous year. By the end of the quarter, Canaan's Bitcoin holdings expanded to 1,483.5 Bitcoins.