Canaan Technology’s second-quarter financial report: total revenue in the second quarter was US$73.9 million, an increase of 33.7% from the previous quarter

Odaily Planet Daily News Canaan Technology announced the financial report data for the second quarter of 2023. The financial report shows that Canaan Technology’s total revenue in the second quarter of 2023 will be 73.9 million US dollars (about 536 million yuan), compared to the first quarter of 2023. A quarter-on-quarter increase of 33.7%. The company's total sales computing power in the second quarter of 2023 will be 6.1 million TH/s, an increase of 44.2% compared to the first quarter of 2023. The financial report shows that Canaan Technology’s mining machine sales revenue and mining revenue have both improved significantly from the previous month. Among them, the company's mining machine sales revenue in the second quarter of 2023 increased from US$43.7 million in the first quarter of 2023 to US$57.8 million, a quarter-on-quarter increase of 32.2%. In the second quarter of 2023, the company's mining revenue increased from US$11.1 million in the first quarter of 2023 to US$15.9 million, a quarter-on-quarter increase of 43.3%. In the second quarter of 2023, the company's mining revenue was US$15.9 million, and Canaan Technology generated 569 bitcoins in the second quarter of 2023, an increase of 43.3% from the US$11.1 million in the first quarter of 2023. The quarter-on-quarter growth was attributed to the rise in currency prices and the increase in computing power.