UPDATES

$Canaan (CAN.US)$ The Zhitong Finance App learned that the financial report released by Can.US (CAN.US) showed that the company's third-quarter revenue was 73.6 million US dollars, up 120.9% year on year, higher than market expectations by 5.03 million US dollars; under GAAP accounting standards, revenue per ADS was -0.27 US dollars, 0.19 US dollars lower than market expectations.

Under non-GAAP accounting standards, adjusted profit before interest, tax, depreciation and amortization was $-34.1 million, compared to -68 million dollars for the same period last year. As of September 30, 2024, the company had $71.8 million in cash.

Total sales computing power was 7.3 MillionThash/s, up 93.8% year over year. The mining revenue was 9 million US dollars, and 147 bitcoins were mined. The average revenue for each bitcoin was 61,034 US dollars.

Looking ahead, the company expects fourth-quarter revenue of around $80 million, and market expectations are $78.94 million.