Foresight News reported that Canaan Technology released its first quarter financial report for 2025, with total revenue reaching $82.78 million, exceeding the previous financial forecast of $75 million and representing a 135.9% increase compared to the same period last year. According to the financial report, Jianan Technology's total sales computing power in the first quarter reached 5.5 million TH/s, a year-on-year increase of 62.6%. Despite the overall price increase of Bitcoin, the company's mining revenue in the first quarter reached a historical record of $24.25 million per quarter, an increase of 58.6% month on month and 131.9% year-on-year. A total of 259 bitcoins were mined, with an average revenue of $93466 per bitcoin. As of March 31, 2025, Canaan Technology holds a total of 1468.1 bitcoins, with a total fair value of $125.9 million for its cryptocurrency assets and cryptocurrency accounts receivable.