Canaan(US:CAN) 智通财经网·2025-05-20 12:51Core Viewpoint - 嘉楠科技 reported strong revenue growth in Q1 2025, but faced increased losses per share compared to the previous year [1] Financial Performance - Q1 2025 revenue reached $82.8 million, a year-over-year increase of 135.9%, exceeding market expectations [1] - The company reported a loss per share of $1.79, compared to a loss of $1.06 per share in the same period last year [1] - Gross profit was $600,000, a significant improvement from a gross loss of $37.3 million in the previous year [3] Mining Operations - Total computing power sold was 5.5 million TH/s, representing a year-over-year increase of 62.6% [2] - Mining revenue amounted to $24.3 million, up 131.9% year-over-year, with 259 bitcoins mined at an average revenue of $93,466 per bitcoin [2] - Mining costs for Q1 2025 were $22.9 million, compared to $14.9 million in Q4 2024 and $12.2 million in the same quarter of the previous year [2] Cash Position - As of March 31, 2025, the company had cash reserves of $96.8 million, slightly up from $96.5 million as of December 31, 2024 [4] Guidance and Outlook - Due to new tariffs imposed by the U.S. government, which have created significant uncertainty in the bitcoin mining industry, the company has withdrawn its previous revenue guidance for the full year 2025 [5] - For Q2 2025, the company currently expects total revenue to be approximately $100 million [6]