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Jia Nan Technology's third-quarter revenue rose 120.9% year on year
Golden Finance reported that Canaan Technology released its unaudited financial performance report for the period ending September 30, 2024. The revenue for the third quarter of 2024 was $73.61 million, a significant rise compared to $71.86 million in the second quarter of 2024 and $33.32 million in the same quarter of 2023. Total revenue includes product revenue of $64.58 million, Mining revenue of $8.96 million, and other revenue of $65,000. Mining income: The mining income for the third quarter of 2024 was $8.96 million, which was basically flat compared to the $9.31 million in the second quarter of 2024, but significantly rose compared to the $3.26 million in the same quarter of 2023. The year-on-year rise is mainly due to the increase in Mining Computing Power. As of September 30, 2024, the company held a total of 1,231.3 BTC, with a fair value of $79.02 million for Crypto Assets and Cryptocurrency Receivables.