Canaan Inc. Announces December 2024 Bitcoin Production and Mining Operation Updates and Provides FY2025 Financial Guidance

Expects total revenues for FY2025 in the range of US$900 million to US$1.1 billionSINGAPORE, Jan. 21, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today released its unaudited bitcoin mining update for the month ending December 31, 2024, and provided financial guidance for fiscal year 2025.Management Commentary"Since the beginning of the fourth quarter of 2024, we have made considerable progress in expanding our market presence, strengthening par ...