Golden Finance reported that Canaan Technology today announced its unaudited financial results for the three months ended June 30, 2024. Revenue in the second quarter of 2024 was $71.9 million, exceeding the previous expectation of $70 million and up 104.8% from the previous quarter. The total computing power sold was 6.2 million Thash/s, up 83.9% from the previous quarter. The operating loss was $46.6 million, narrowing by 60.9% from the same period last year and 31.5% from the previous quarter. As of June 30, 2024, the company's cryptocurrency assets mainly included 1,133.5 bitcoins with a total fair value of $69.9 million, including 584.2 bitcoins owned by the company, 530 bitcoins pledged, and 19.3 bitcoins received as customer deposits. As of June 30, 2024, the company had cash of $66.8 million, compared with $96.2 million as of December 31, 2023.