Canaan's revenue in the fourth quarter of 2023 was US$49.1 million, and mining revenue was US$3.7 million.
Canaan Inc. announced its unaudited financial results for the three and twelve months ended December 31, 2023. The total computing power sold in the fourth quarter of 2023 was 5.5 million Thash/s, representing a 45.7% increase from the 3.8 million Thash/s sold in the third quarter of 2023 and a 191.9% increase from the 1.9 million Thash/s sold in the same period of 2022. The revenue was $49.1 million, compared to $33.3 million in the third quarter of 2023 and $58.3 million in the same period of 2022. Mining revenue was $3.7 million, a 13.6% increase from $3.3 million in the third quarter of 2023 but a 65.5% decrease from $10.7 million in the same period of 2022. The total computing power sold in 2023 was 19.6 million Thash/s, a 29.6% increase from the 15.1 million Thash/s sold in 2022. The revenue was $211.5 million, compared to $651.5 million in 2022. Mining revenue was $34 million, compared to $32.5 million in 2022.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High

Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders

Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More








