Canaan Inc. ($CAN), a Nasdaq-listed company primarily engaged in Bitcoin mining, released its Q2 2025 financial report, with total revenue of $100.2 million, a year-on-year rise of 39.5%.

Mining machine product revenue reached 71.92 million USD, with a quarter-on-quarter rise of 23.3%, benefiting from the mass production of the Avalon A15 series mining machines and the increase in average selling price.
Mining revenue reached $28.1 million, a historical high, with a year-on-year rise of 201.6%. In the second quarter, a total of 284 BTC were mined, with an average income of $98,866 per coin.
Gross profit of 9.3 million USD, a turnaround from a loss compared to the same period last year, which had a loss of 19.1 million USD in 2024.
As of the end of July 2025, Canaan holds 1511 $BTC, approximately 181.32 million USD.
Winning repeat orders from leading US mining companies including Cipher Mining $CIFR and Cleanspark $CLSK.
The company has repurchased 3.647 million shares of stock, equivalent to 2.4 million dollars; the company's CEO Zhang Nangen and CFO Cheng Jin have collectively increased their holdings by 817,000 shares at an average price of 0.76 dollars.
Shut down non-core AI chip business and focus resources on mining machine sales, self-operated mining, and consumer-grade mining machine products.
As of August 14, Canaan Creative has a market value of about $370 million, with a stock price increase of -60.97% since 2025. The stock price has long been hovering below dollars, posing a risk of delisting.