Canaan recently announced its unaudited financial results for the three months ended September 30, 2023. As of September 30, 2023, the company owned 860 Bitcoins, reaching an all-time high. Revenue in the third quarter of 2023 was $33.3 million, including $29.9 million in product revenue, $3.3 million in mining revenue and other revenue of $118,000, compared with $57.9 million in product revenue in the second quarter of 2023. The decrease compared to the second quarter of 2023 was primarily due to a decrease in total hashrate sold and sales price, which was due to overall softer market demand.
Dear Customers,
Hello, May 1-5, 2026 (GMT+8) is China's May Day, and international logistics will be suspended. Our company will suspend shipments on the afternoon of April 30, 2026, and resume warehouse shipments on May 6 (GMT+8). We are deeply sorry for the inconvenience caused to you. Thank you for your trust and support.
Best wishes,
ZEUS MINING CO., LTD.