Canaan Inc. Reports Unaudited First Quarter 2025 Financial Results

Total revenues of US$82.8 million exceeded guidance, up 135.9% YoYBitcoin mining revenues reached US$24.3 million, up 131.9% YoYSINGAPORE, May 20, 2025 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced its unaudited financial results for the three months ended March 31, 2025.First Quarter 2025 Operating and Financial HighlightsTotal revenues were US$82.8 million, which beat the guidance of US$75 million and increased 135.9% year-over-year.T ...