TechFlow news, on August 14, Canaan (Canaan Creative) released its Q2 2025 financial results. The company's total revenue for the second quarter of 2025 reached $100.2 million, a year-on-year increase of 39.5%. Among this, Bitcoin mining revenue amounted to $28.1 million, surging 201.6% year-on-year and setting a new record high.
The financial report shows that during the second quarter, the company mined 284 Bitcoins, with an average revenue of $98,866 per Bitcoin. As of the end of July 2025, the company's Bitcoin reserves reached 1,511 Bitcoins. The company achieved a gross profit of $9.3 million in the second quarter, turning profitable compared to a loss of $19.1 million in the same period last year.
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