Foresight News reports that Canaan Inc. (NASDAQ: CAN) today released its unaudited financial performance report for the quarter ended September 30, 2024. The report shows that total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, a year-over-year increase of 120.9%; total sales computing power was approximately 7.3 million Thash/s, a year-over-year increase of 93.8%; mining revenue was $8.96 million, with 147 bitcoins mined, each bitcoin generating an average income of $61,034; operating loss was $56.84 million, a year-over-year reduction of 49.6%. As of September 30, 2024, the company held a total of 1,231.3 bitcoins, with a total fair value of cryptocurrency assets and cryptocurrency receivables amounting to $79.02 million.

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