Odaily News Canaan Inc. (NASDAQ: CAN) today released its unaudited financial results for the period ended September 30, 2024. The report shows that total revenue for the quarter was $73.61 million, exceeding the previous expectation of $73 million, a year-on-year increase of 120.9%; total sales computing power was approximately 7.3 million Thash/s, a year-on-year increase of 93.8%; mining revenue was $8.96 million, 147 bitcoins were mined, and the average revenue per bitcoin was $61,034; operating loss was $56.84 million, a year-on-year narrowing of 49.6%. As of September 30, 2024, the company held a total of 1,231.3 bitcoins, and the fair value of cryptocurrency assets and cryptocurrency receivables held totaled $79.02 million.