Canaan Inc., a technology company specializing in crypto mining, reported a robust financial performance for the full year ending December 31, 2025, with total revenues soaring to $529.7 million, marking a 96.7% increase from the previous year. This significant growth was fueled by increased computing power sales, reaching 36.5 EH/s, and a substantial rise in Bitcoin mining revenue to $113.2 million, despite market volatility and depreciating crypto prices. The company is strategically evolving beyond its traditional role as a hardware provider, focusing on integrating computing power with energy resources, as evidenced by their pioneering initiatives like the Avalon Home product line expansion and a heat recovery project in Canada using Avalon computing systems.
Canaan Inc. rallies 2025 revenue with 121% growth driven by mining and hardware sales
