Recently, I saw Canaan Inc.'s 2023 financial report, and this mining hardware manufacturer’s performance is quite good. Last year’s total revenue reached $211.5 million, with $49 million in Q4 alone, of which mining operations contributed $34 million.

Interestingly, Canaan’s deployment strategy for computing power is adjusting. They sold a total of 19.6 million Thash/s of computing power last year, with 5.5 million Thash/s in Q4. More importantly, their expansion efforts in Africa and the Middle East have accelerated significantly, while they also optimized their inventory structure, all of which are reflected in revenue growth.

Honestly, Canaan’s market deployment changes are worth paying attention to. From the financial data, besides traditional mining hardware sales, mining revenue also accounts for a considerable portion, indicating that their integration across the industry chain upstream and downstream is deepening.