Jia Nan Yun Zhi Q1 2023 Financial Report: Total revenue of 55.2 million USD, mining revenue of 11.1 million USD

ChainCatcher news, Canaan Creative announced its unaudited financial report for the first quarter of 2023, with first-quarter revenue of $55.2 million, compared to $58.3 million in the fourth quarter of 2022 and $201.8 million in the same period of 2022.

Mining revenue was $11.1 million, an increase of 3.3% from $10.7 million in the fourth quarter of 2022 and an increase of 130.2% from $4.8 million in the same period of 2022. The quarter-on-quarter growth was mainly driven by the rebound in Bitcoin prices. The year-on-year growth was primarily attributed to the increase in computing power that powers mining. (source link)