Jianan Technology announced its third-quarter financial report, with Bitcoin holdings increasing to 1231.3 coins

BlockBeats News, November 20, Canaan Inc. (NASDAQ: CAN) today released its unaudited financial results for the quarter ended September 30, 2024. The report shows that the total revenue for the third quarter was $73.61 million, a year-on-year increase of 120.9%; total mining power sold was approximately 7.3 million Thash/s, a year-on-year increase of 93.8%; mining revenue was $8.96 million, mining 147 Bitcoins, with an average revenue per Bitcoin of $61,034; operating loss was $56.84 million, a year-on-year decrease of 49.6%.

As of September 30, 2024, the company held a total of 1,231.3 Bitcoins, and the fair value of its cryptocurrency assets and cryptocurrency receivables totaled $79.02 million.