Canaan Inc. reported unaudited financial results for the fourth quarter and full year ended December 31, 2025. Total revenues for the fourth quarter reached USD 196.3 million, representing a multiple of 2.2 year-over-year and an increase of 30.4% quarter-over-quarter. For the full year 2025, the company generated a gross profit of USD 41.2 million, with quarterly gross profit at USD 14.6 million. Bitcoin mining revenues for the period were USD 30.4 million, nearly doubling year-over-year. The company’s cryptocurrency treasury grew to record levels, totaling 1,750 BTC and 3,951 ETH as of December 31, 2025. Canaan Inc. achieved record computing power sold in the fourth quarter, with 14.6 EH/s, bringing the annual total to 36.5 EH/s for 2025. The company noted continued growth in both revenues and key operational metrics during the period.

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