Canaan Inc. Sees Double-Digit Growth in Q3 Revenue, Focus Shifts Toward AI Mining

Canaan Inc., a leading provider of high-performance computing solutions, reported a significant surge in revenue for the third quarter of 2025, reaching $150.5 million – a remarkable 104% increase compared to the same period last year. This impressive growth is attributed to increased demand for its mining hardware and expansion into new markets. 🎶 Beyond Bitcoin, Canaan is investing in AI-compatible mining infrastructure to diversify revenue streams and tap into the burgeoning AI computing power market.