TechFlow news, November 20: Canaan Inc. released its unaudited financial results for the third quarter of 2024:
Total revenue was $73.61 million, an increase of 120.9% year-over-year, exceeding expectations;
Total shipped computing power was approximately 7.3 million Thash/s, up 93.8% year-over-year;
Mining revenue reached $8.96 million, with 147 bitcoins mined, averaging $61,034 per bitcoin;
Operating loss was $56.84 million, a 49.6% narrowing compared to the same period last year;
Holding 1,231.3 bitcoins, with a fair value of cryptocurrency assets amounting to $79.02 million.




