
Bitcoin.com News|Mar 26, 2025 15:52
Canaan Inc. posts strong 2024 results! 💰📈
The crypto mining giant reported 269.3M in revenue, a 27.4% YoY increase, with bitcoin mining contributing 44M.
🔹 1,292.5 BTC now in reserves
🔹 Q4 revenue: 88.8M (+80.9% YoY)
🔹 Q4 mining revenue: 15.3M (+312.5% YoY)
🔹 186 BTC mined @ 82,174 avg. price
🔹 Record computing power sales: 9.1M TH/s
Canaan is stacking BTC while expanding its mining footprint. What are your thoughts on these numbers?
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