Canaan Inc. a new quarterly record and a 37. 7% increase year-over-year. This achievement was fueled by strong demand in Asia and a strategic rebound in North America. Additionally, Canaan’s cryptocurrency treasury expanded to 1, 581. 9 BTC and 2, 830 ETH by the end of Q3 2025. Operational Highlights Nangeng Zhang, Canaan’s Chairman and CEO, noted the company’s strategic advancements, including the introduction of the next-generation air-cooled A16XP model, offering 300 TH/s with energy efficiency of 12. 8 J/TH. Canaan also launched pilot initiatives exploring the synergy between bitcoin mining and energy management, such as grid balancing and stranded natural gas utilization. Financial Metrics Gross profit surged to $16. 6 million from a gross loss of $21. 5 million in the same period last year. The company also reported a net loss of $27. 7 million, a significant improvement from the $75. 6 million loss in Q3 2024. The cash position strengthened to $119. 2 million by the end of the quarter, supported by record-high crypto treasuries. Business Developments Recent developments include a landmark U. S. order for over 50, 000 Avalon® A15 Pro mining machines and the launch of a gas-to-computing pilot project in Canada. Canaan also regained compliance with Nasdaq’s minimum bid-price requirement and completed a $72 million strategic investment from institutional investors. Future Outlook Looking ahead, Canaan anticipates total revenues for Q4 2025 to range between $175 million and $205 million, reflecting ongoing market conditions and customer dynamics. The company remains committed to monitoring global policy environments and market developments to adjust its business strategies accordingly. Image source: Shutterstock.
https://Blockchain.News/news/canaan-inc-surpasses-revenue-expectations-q3-2025