Canaan Technology releases Q2 financial report: revenue of 1.082 billion yuan, revenue, total computing power, and net profit all hit new highs.

Canaan Technology releases Q2 financial report: revenue of 1.082 billion yuan, revenue, total computing power, and net profit all hit new highs.

2021/9/16

According to news, Canaan Technology released its second-quarter financial report. The data showed that the company's revenue in the second quarter was 1.082 billion yuan (US$168 million), and its total sales in the second quarter were 5.94 million TH/s, a year-on-year increase of 127%. , A quarter-on-quarter increase of 200%, a record high in a single quarter. In the second quarter, Canaan's gross profit was 427 million yuan (US$66 million), a year-on-year increase of 887% and a month-on-month increase of 120%. The company's net profit for the quarter was 245 million yuan (38 million U.S. dollars), a record high in a single quarter after the company went public. Canaan Technology expects revenue in the third quarter to increase by 10%-30% compared to the second quarter.


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