Crypto miner Canaan Q2 revenue jumps 39.5%

Reuters

08/14

Crypto miner Canaan <a href="https://laohu8.com/S/QTWO">Q2</a> revenue jumps 39.5%

Overview

Canaan Q2 2025 revenue up 39.5% YoY to $100.2 mln, exceeding company's guidance
Bitcoin mining revenue hits record $28.1 mln, up 201.6% YoY
Pretax profit beats analyst expectations, per LSEG data

Outlook

Canaan expects Q3 2025 revenue between $125 mln and $145 mln
Company will monitor global policy and market developments for outlook adjustments

Result Drivers

RECORD MINING REVENUE - Bitcoin mining revenue reached an all-time high of $28.1 mln, up 201.6% YoY, driven by increased mining capacity
COMPUTING POWER SALES - Total computing power sold increased 16.5% sequentially, reflecting diversified market penetration
BITCOIN TREASURY EXPANSION - Bitcoin treasury expanded to 1,511 bitcoins by July-end, marking a strategic milestone

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Net Income		-$11.06 mln
Q2 Pretax Profit	Beat	-$10.28 mln	-$26.60 mln (6 Analysts)
Q2 Income From Operations		-$27.07 mln
Q2 Operating Expenses		-$36.38 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the blockchain & cryptocurrency peer group is "buy"
Wall Street's median 12-month price target for Canaan Inc is $2.10, about 61.2% above its August 13 closing price of $0.82
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release: ID:nPnbrGvBha

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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It was checked and edited by a Reuters journalist prior to publication.)</p></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>Crypto miner Canaan Q2 revenue jumps 39.5%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto miner Canaan Q2 revenue jumps 39.5%\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 19:09</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Crypto miner Canaan <a href=\"https://laohu8.com/S/QTWO\">Q2</a> revenue jumps 39.5%</title></head><body><p><span>Overview</span></p><ul><li><p>Canaan Q2 2025 revenue up 39.5% YoY to $100.2 mln, exceeding company's guidance</p></li><li><p>Bitcoin mining revenue hits record $28.1 mln, up 201.6% YoY</p></li><li><p>Pretax profit beats analyst expectations, per LSEG data</p></li></ul><p><span>Outlook</span></p><ul><li><p>Canaan expects Q3 2025 revenue between $125 mln and $145 mln</p></li><li><p>Company will monitor global policy and market developments for outlook adjustments</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>RECORD MINING REVENUE - Bitcoin mining revenue reached an all-time high of $28.1 mln, up 201.6% YoY, driven by increased mining capacity</p></li><li><p>COMPUTING POWER SALES - Total computing power sold increased 16.5% sequentially, reflecting diversified market penetration</p></li><li><p>BITCOIN TREASURY EXPANSION - Bitcoin treasury expanded to 1,511 bitcoins by July-end, marking a strategic milestone</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 Net Income</p></td><td></td><td><p>-$11.06 mln</p></td><td></td></tr><tr><td><p>Q2 Pretax Profit</p></td><td><p>Beat</p></td><td><p>-$10.28 mln</p></td><td><p>-$26.60 mln (6 Analysts)</p></td></tr><tr><td><p>Q2 Income From Operations</p></td><td></td><td><p>-$27.07 mln</p></td><td></td></tr><tr><td><p>Q2 Operating Expenses</p></td><td></td><td><p>-$36.38 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the blockchain &amp; cryptocurrency peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Canaan Inc is $2.10, about 61.2% above its August 13 closing price of $0.82</p></li><li><p>The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 2 three months ago</p></li></ul><p>Press Release: <span>ID:nPnbrGvBha</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></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:nPLX618724:1","article_id":"2559951817","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559951817","pubTimestamp":1755169780,"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":"Crypto miner Canaan Q2 revenue jumps 39.5%OverviewCanaan Q2 2025 revenue up 39.5% YoY to $100.2 mln, exceeding company's guidanceBitcoin mining revenue hits record $28.1 mln, up 201.6% YoYPretax profi","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"CAN":"嘉楠科技"},"translate_title":"加密货币矿商迦南第二季度收入增长39.5%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CAN":0.9},"content_text":"Crypto miner Canaan Q2 revenue jumps 39.5%OverviewCanaan Q2 2025 revenue up 39.5% YoY to $100.2 mln, exceeding company's guidanceBitcoin mining revenue hits record $28.1 mln, up 201.6% YoYPretax profit beats analyst expectations, per LSEG dataOutlookCanaan expects Q3 2025 revenue between $125 mln and $145 mlnCompany will monitor global policy and market developments for outlook adjustmentsResult DriversRECORD MINING REVENUE - Bitcoin mining revenue reached an all-time high of $28.1 mln, up 201.6% YoY, driven by increased mining capacityCOMPUTING POWER SALES - Total computing power sold increased 16.5% sequentially, reflecting diversified market penetrationBITCOIN TREASURY EXPANSION - Bitcoin treasury expanded to 1,511 bitcoins by July-end, marking a strategic milestoneKey DetailsMetricBeat/MissActualConsensus EstimateQ2 Net Income-$11.06 mlnQ2 Pretax ProfitBeat-$10.28 mln-$26.60 mln (6 Analysts)Q2 Income From Operations-$27.07 mlnQ2 Operating Expenses-$36.38 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 5 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"The average consensus recommendation for the blockchain & cryptocurrency peer group is \"buy\"Wall Street's median 12-month price target for Canaan Inc is $2.10, about 61.2% above its August 13 closing price of $0.82The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 2 three months agoPress Release: ID:nPnbrGvBha(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}