Canaan Inc. Reported an annual revenue of 269.3 million USD in 2024, marking a 27.4% increase from 2023. The company mined 186 BTC in Q4, averaging 82,174 USD per BTC, while its overall earnings reached 88.8 million USD, reflecting an 80.9% increase year-over-year.

In addition to impressive revenue growth, Canaan is expanding its mining operations in North America with new agreements in Pennsylvania and Texas, expected to add 4.7 EH/s of computing power by Q2 2025.