Canaan Technology's total revenue in 2024 will reach US$269.3 million, and it will hold a total of 1,371.9 Bitcoins by 2024
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Planet Daily News: Bit Mining Listed Company Canaan Technology Released Its 2024 Financial Report Through Official Channels. The Unaudited Financial Performance Data for the Fourth Quarter and Full Year Ending December 31, 2024 Shows That the Total Annual Revenue 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 Growth of 32.6%. In Addition to the Solid 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 Whole Year of 2024 Was $44.02 Million, a Year-on-Year Increase of 29.6%. Canaan Technology Expects the Total Annual Revenue in 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. As of December 31, 2024, the Company Held 1,371.9 Bitcoins, with the Fair Value of Cryptocurrency Assets and Cryptocurrency Accounts Receivable Totaling $131.4 Million.
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