Jia Nan Technology's self operated mining revenue reached a new high of 24.25 million US dollars in the first quarter, holding 125.9 million US dollars in cryptocurrency assets

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.