This dead stock has been in a bind for three years; even with revenue doubling, it's still hard to reach 1U and is on the verge of delisting.

Canaan Technology's total revenue in the first quarter of 2025 increased by approximately 136% year-on-year, reaching $82.78 million.

Canaan Technology announced its unaudited financial report for the first quarter, where the total revenue reached $82.78 million, exceeding the previous financial forecast of $75 million, and reflecting a year-on-year growth of 135.9%. As of March 31, 2025, the company held 1,468.1 bitcoins, with the fair value of its cryptocurrency assets and accounts receivable totaling $125.9 million. For the second quarter of 2025, the company currently expects total revenue to be around $100 million. $BTC