Canaan Creative has announced a 100% year-over-year increase in its third-quarter revenue, fueled by robust sales of mining machines and its own Bitcoin mining operations. The company successfully mined 267 BTC during the quarter and currently holds 1,610 BTC and 3,950 ETH in its treasury as of October. Following the earnings report, Canaan's stock surged over 15%, reflecting strong investor confidence in the company's strategic recovery efforts.
Canaan Reports 100% Revenue Growth in Q3 Amid Bitcoin Mining Surge
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