Mars Finance News, on March 26, Canaan Technology released its unaudited financial results for the fourth quarter and full year ending December 31, 2024. The financial report shows that the total revenue for the full year 2024 reached $269.3 million, a year-on-year increase of 27.4%. Canaan Technology's total sales computing power in 2024 reached 26 million TH/s, a year-on-year increase of 32.6%. In addition to the good growth in total sales computing power, the fourth quarter mining revenue reached $15.3 million, a year-on-year increase of 312.5%, mining 186 bitcoins. The total self-operated mining revenue for the full year 2024 was $44.02 million, a year-on-year increase of 29.6%.

Canaan Technology expects the total revenue for the full year 2025 to reach $900 million to $1.1 billion. For the first quarter of 2025, the company expects total revenue to be around $75 million. For the second quarter of 2025, the company expects total revenue to be between $120 million and $150 million.