Canaan Technology's mining revenue in the second quarter reached 28.1 million USD, and its Bitcoin reserves expanded to 1,483.5.

Golden Finance reported that Canaan Technology announced its unaudited financial performance for the three months ending June 30, 2025, with strong revenue growth, record-high mining output, and a milestone expansion of Bitcoin reserves. Total revenue reached $100.2 million, exceeding the company's previous expectations, with a year-on-year increase of 39.5%, accelerating growth momentum. Mining revenue hit a historic high of $28.1 million, a year-on-year increase of 201.6%, with 284 Bitcoins mined, averaging $98,866 per Bitcoin in revenue. Gross profit soared to $9.3 million, reversing the gross loss of $19.1 million in the same period last year. By the end of the quarter, Bitcoin reserves expanded to 1483.5 Bitcoins, and by the end of July 2025, Bitcoin reserves further increased to 1511 Bitcoins, marking a strategic milestone in the company's long-term accumulation model.