According to BlockBeats, Canaan Technology has released its financial report for the second quarter of 2025, revealing substantial growth in various sectors. The company's total revenue for the quarter reached $100 million, marking a 39.5% increase compared to the same period last year. Notably, mining revenue hit a record high of $28.1 million, representing a 201.6% year-on-year growth. During this quarter, Canaan mined a total of 284 Bitcoins, with an average revenue of $98,866 per Bitcoin.
The company's gross profit rose to $9.3 million, reversing a gross loss of $19.1 million from the previous year. By the end of the quarter, Canaan's Bitcoin holdings expanded to 1,483.5 Bitcoins.