Canaan's Q3 revenue reaches $150.5 million, up 104.4% year-on-year, with bitcoin mining revenue hitting $30.6 million

According to ChainCatcher, as disclosed by Canaan, the company announced its unaudited financial results for the third quarter of 2025. Total revenue reached $150.5 million, representing a year-on-year increase of 104.4% and a quarter-on-quarter increase of 50.2%. Among them, bitcoin mining revenue reached $30.6 million, a year-on-year increase of 241%; product sales revenue was $118.6 million.

In the third quarter, the company mined 267 bitcoins, with an average revenue of $114,485 per bitcoin. Gross profit was $16.6 million, compared to a gross loss of $21.5 million in the same period last year. As of the end of October, the company's cryptocurrency assets reached a milestone of 1,610 BTC and 3,950 ETH.