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by: xpoolPosted on: May 20, 2025

Canaan Reports Major Revenue Surge of 135.9% in Q1 2025

Canaan Inc., a prominent provider of ASIC mining hardware, experienced a significant revenue surge in the first quarter of 2025. Their earnings report revealed a remarkable year-on-year increase of 135.9%, reaching US$82.8 million. This impressive growth is fueled by expanding cryptocurrency mining activity and increasing institutional investor interest.

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