Jia Nan Technology Q2 Financial Report: Total revenue reaches 100 million USD, Bitcoin mining revenue grows 2 times

ChainCatcher news, according to PRNewswire, Canaan Inc. announced its Q2 2025 financial report showing total revenue of $100.2 million (up 39.5% year-over-year), Bitcoin mining revenue of $28.1 million (up 201.6% year-over-year), and Bitcoin reserves increased to 1,511 coins. The company's strategic restructuring focuses on mining machine sales and self-operated mining, terminating the AI chip business. Recently, management has increased their holdings in the company's ADS and initiated a buyback plan of up to $30 million.