According to Techub News, Canaan Technology today announced unaudited financial data for the three months ending June 30, 2024, showing revenue of $71.9 million, exceeding the previous expectation of $70 million and up 104.8% from the previous quarter. Mining revenue was $9.3 million, compared with $10.5 million in the first quarter of 2024 and $15.9 million in the same period of 2023. The month-on-month and year-on-year declines were mainly due to the decline in the number of bitcoins mined after the halving. As of the end of the second quarter, the company held 1,114.2 bitcoins, a record high.