Canaan Technology's Bitcoin mining revenue in the fourth quarter of last year was 15.3 million dollars, a year-on-year increase of 312.5%

ChainCatcher news, according to PR Newswire, Bitcoin mining equipment manufacturer Canaan Inc. (NASDAQ: CAN) announced its unaudited financial results for the fourth quarter and the full year of 2024.

Total revenue for the fourth quarter reached $88.8 million, exceeding expectations and growing 80.9% year-over-year; total sold hash rate reached a record 9.1 million TH/s, an increase of 65.9% year-over-year; Bitcoin mining revenue was $15.3 million, a year-over-year increase of 312.5%, with a total of 186 Bitcoins mined during the period, averaging $82,174 in revenue per Bitcoin.