Canaan Technology has released its financial report for the second quarter of 2025, demonstrating significant growth across various business sectors. The company’s total revenue reached $100 million during this period, representing a substantial increase of 39.5% compared to Q2 2024. Notably, mining revenue achieved a record high of $28.1 million, experiencing a remarkable 201.6% year-on-year surge. Canaan mined a total of 284 Bitcoins during the quarter at an average revenue of $98,866 per Bitcoin. Furthermore, gross profit surged to $9.3 million, reversing a previous year’s loss of $19.1 million and reflecting increased profitability. The company also saw its Bitcoin holdings expand to 1,483.5 Bitcoins by the end of Q2 2025.