Core Insights - The stock price of Canaan Inc. (CAN.US) increased by 9.8% to $0.9382 following the release of its Q3 2025 earnings report, which showed a GAAP loss of $0.05 per share, missing market expectations of a profit of $0.04 per share, but revenue significantly exceeded expectations [1] Financial Performance - Canaan reported Q3 revenue of $150.5 million, representing a year-over-year growth of 104.5% and surpassing market expectations [1] - The total computing power sales reached a record high of 10.0 EH/s, marking a year-over-year increase of 37.7% and a quarter-over-quarter increase of 55.6% [1] - Mining revenue for the quarter was $30.6 million, a substantial year-over-year increase of 241%, setting a quarterly record [1] - The company mined 267 bitcoins during the reporting period, with an average revenue of $114,485 per bitcoin despite increasing network difficulty [1] Future Outlook - For Q4 2025, Canaan expects revenue to be in the range of $175 million to $205 million, significantly higher than the market consensus of $148.28 million, reflecting short-term market conditions and customer demand dynamics [1]
美股异动 | 嘉楠科技(CAN.US)涨9.8% Q3挖矿业务收入同比大增241%