According to BlockBeats, on May 21, Canaan Technology announced its unaudited financial report for the first quarter. The report shows that the company's total revenue reached $82.78 million, exceeding expectations and growing by 135.9% compared to the same period last year.
Canaan Technology's total sales computing power in the first quarter was 5.5 million TH/s, a year-on-year increase of 62.6%. Self-mining revenue was $24.25 million, a year-on-year increase of 131.9%, with a total of 259 bitcoins mined, averaging $93,466 in revenue per bitcoin.
In terms of gross profit, Canaan Technology's gross profit for the first quarter was approximately $650,000, a significant improvement compared to a gross loss of $37.33 million in the same period last year.
