Jia Nan Technology released its 2024 financial report: total revenue reached 269.3 million USD, and as of 2024, it holds a total of 1,371.9 bitcoins

2025-03-26 21:25:23

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ChainCatcher news, Bitcoin mining company Canaan Inc. released its 2024 financial report through official channels.

As of December 31, 2024, the unaudited financial performance for the fourth quarter and the full year shows that total revenue for 2024 reached $269.3 million, a year-on-year increase of 27.4%. Canaan Inc. achieved a total sales hash rate of 26 million TH/s for the full year 2024, a year-on-year increase of 32.6%. In addition to the significant growth in total sales hash rate, mining revenue for the fourth quarter reached $15.3 million, a year-on-year increase of 312.5%, with 186 Bitcoins mined. The total self-mining revenue for the full year 2024 amounted to $44.02 million, a year-on-year increase of 29.6%.

Canaan Inc. expects total revenue for 2025 to reach between $900 million and $1.1 billion. For the first quarter of 2025, the company anticipates total revenue of approximately $75 million. For the second quarter of 2025, the company expects total revenue to be between $120 million and $150 million.

As of December 31, 2024, the company held a total of 1,371.9 Bitcoins, with the fair value of its cryptocurrency assets and cryptocurrency receivables totaling $131.4 million.

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