Golden Finance reports that Canaan Technology today released its unaudited financial performance report for the period ending September 30, 2024. Revenue for the third quarter of 2024 was $73.61 million, showing significant growth compared to $71.86 million in the second quarter of 2024 and $33.32 million in the same quarter of 2023. Total revenue includes product revenue of $64.58 million, mining revenue of $8.96 million, and other income of $65,000. Mining revenue: Mining revenue for the third quarter of 2024 was $8.96 million, essentially flat compared to $9.31 million in the second quarter of 2024, and significantly increased from $3.26 million in the same quarter of 2023. The year-on-year growth was mainly due to the increase in mining computing power. 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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