Wu said that he learned that Canaan Inc. (Canaan Technology) announced its unaudited financial report for Q2 2024, with revenue reaching US$71.9 million, a month-on-month increase of 104.8%, exceeding previous expectations. While operating losses remained at $46.6 million, they narrowed 60.9% year over year. During the quarter, Canaan's total computing power sales reached 6.2 million TH/s, an increase of 83.9% sequentially, with strong sales of new products A14 and A1566 driving the overall performance. Canaan said significant growth in North America and the Middle East provides a solid foundation for future growth, and forecast third-quarter revenue of $73 million.