Canaan Inc. Exceeds Guidance with Q2 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.3M vs. Prior Year's Loss

Reuters

08/14

Canaan Inc. Exceeds Guidance with <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.<a href="https://laohu8.com/S/MMM">3M</a> vs. Prior Year's Loss

Canaan Inc. has reported its unaudited financial results for the second quarter of 2025, showing a robust performance with total revenues reaching $100.2 million, marking a significant increase of 39.5% year-over-year. The company achieved a record-high in its Bitcoin mining revenues, which surged by 201.6% year-over-year to $28.1 million. Despite the impressive revenue growth, Canaan Inc. posted a net loss of $11.1 million in the second quarter, an improvement from the $86.4 million loss reported in the first quarter of 2025, and a $41.9 million loss in the same period of 2024. The company's non-GAAP adjusted EBITDA showed a positive turnaround, registering a gain of $25.3 million compared to a loss of $38.1 million in the previous quarter and a loss of $30.6 million in the second quarter of 2024. Canaan also noted a milestone in its Bitcoin treasury, which climbed to 1,511 by the end of July 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN51514) on August 14, 2025, and is solely responsible for the information contained therein.

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Exceeds Guidance with Q2 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.3M vs. Prior Year's Loss","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Exceeds Guidance with <a href=\"https://laohu8.com/S/QTWO\">Q2</a> 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.<a href=\"https://laohu8.com/S/MMM\">3M</a> vs. Prior Year's Loss\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. has reported its unaudited financial results for the second quarter of 2025, showing a robust performance with total revenues reaching $100.2 million, marking a significant increase of 39.5% year-over-year. 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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN51514) on August 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Canaan Inc. 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Exceeds Guidance with Q2 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.3M vs. Prior Year's Loss\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-08-14 19:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Exceeds Guidance with <a href=\"https://laohu8.com/S/QTWO\">Q2</a> 2025 Total Revenues Up 39.5% YoY, Reports Gross Profit of $9.<a href=\"https://laohu8.com/S/MMM\">3M</a> vs. Prior Year's Loss\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. has reported its unaudited financial results for the second quarter of 2025, showing a robust performance with total revenues reaching $100.2 million, marking a significant increase of 39.5% year-over-year. The company achieved a record-high in its Bitcoin mining revenues, which surged by 201.6% year-over-year to $28.1 million. Despite the impressive revenue growth, Canaan Inc. posted a net loss of $11.1 million in the second quarter, an improvement from the $86.4 million loss reported in the first quarter of 2025, and a $41.9 million loss in the same period of 2024. The company's non-GAAP adjusted EBITDA showed a positive turnaround, registering a gain of $25.3 million compared to a loss of $38.1 million in the previous quarter and a loss of $30.6 million in the second quarter of 2024. Canaan also noted a milestone in its Bitcoin treasury, which climbed to 1,511 by the end of July 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN51514) on August 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250814:nNDL8f9mCg:1","article_id":"2559590119","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559590119","pubTimestamp":1755169379,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Canaan Inc. has reported its unaudited financial results for the second quarter of 2025, showing a robust performance with total revenues reaching $100.2 million, marking a significant increase of 39.5% year-over-year. 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