Canaan Technology's Q1 revenue was $35.09 million and it holds 1,057 bitcoins
Jia Nan Technology has released unaudited financial report data for the three months ending March 31, 2024. The first quarter of 2024 revenue was $35.09 million, exceeding the expected value of $33 million by 6%. Mining revenue was $10.46 million, a quarter-on-quarter increase of 182.1%. The company's holdings of Bitcoin exceeded 1,000 coins for the first time, reaching a record high of 1,057 coins. The net loss was $39.39 million, a quarter-on-quarter decrease of 71.7% and a year-on-year decrease of 53.3%.
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