Canaan Technologies' total revenue in the first quarter of 2025 increased by approximately 136% year-on-year, reaching 82.78 million USD.

Canaan Technology announced its unaudited first-quarter financial report, with total revenue of $82.78 million in the first quarter, exceeding its previous financial forecast guidance of $75 million and an increase of 135.9% over the same period last year. As of March 31, 2025, it held 1,468.1 bitcoins, with a combined fair value of $125.9 million in crypto assets and crypto receivables. For the second quarter of 2025, the company currently expects total revenue of approximately $100 million.

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