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Canaan Inc. Reports Mining Revenue of $28.1 Million in Q2 2025, Bitcoin Reserves Increase to 1483.5 Coins
Summary: According to reports, Canaan Inc. announced its unaudited financial report for the second quarter of 2025, with total revenue reaching $100.2 million, a year-on-year increase of 39.5%. Bitcoin mining revenue reached $28.1 million, a 201.6% increase year-on-year, with Bitcoin reserves rising to 1483.5 coins at the end of the quarter, further increasing to 1511 coins ...
According to reports, Canaan Inc. announced its unaudited financial report for the second quarter of 2025, with total revenue reaching $100.2 million, a year-on-year increase of 39.5%. Bitcoin mining revenue reached $28.1 million, a 201.6% increase year-on-year, with Bitcoin reserves rising to 1483.5 coins at the end of the quarter, further increasing to 1511 coins by the end of July. The company has announced a strategic restructuring, focusing on Bitcoin mining machine sales and self-mining operations, and has terminated its AI chip business. The management has recently increased its holdings of the company's ADS, and the board has approved a maximum $30 million buyback plan.
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Link: Canaan Inc. Reports Mining Revenue of $28.1 Million in Q2 2025, Bitcoin Reserves Increase to 1483.5 Coins [Copy]
