Canaan Reports 104% Revenue Jump to $150.5 Million in Q3 2025
Bitcoin mining hardware manufacturer Canaan reported Q3 2025 revenue of $150.5 million, a 104% year-over-year increase, driven by record mining machine sales exceeding 10 EH/s and expanded self-mining operations. The Singapore-based company's shares rose approximately 16% in Tuesday trading. Canaan's self-mining capacity reached 9.3 EH/s during the quarter, generating $30.6 million in mining revenue after producing 267 BTC.