Canaan's revenue in the fourth quarter of 2023 was US$49.1 million, and mining revenue was US$3.7 million.
Canaan Inc. announced its unaudited financial results for the three and twelve months ended December 31, 2023. The total computing power sold in the fourth quarter of 2023 was 5.5 million Thash/s, representing a 45.7% increase from the 3.8 million Thash/s sold in the third quarter of 2023 and a 191.9% increase from the 1.9 million Thash/s sold in the same period of 2022. The revenue was $49.1 million, compared to $33.3 million in the third quarter of 2023 and $58.3 million in the same period of 2022. Mining revenue was $3.7 million, a 13.6% increase from $3.3 million in the third quarter of 2023 but a 65.5% decrease from $10.7 million in the same period of 2022. The total computing power sold in 2023 was 19.6 million Thash/s, a 29.6% increase from the 15.1 million Thash/s sold in 2022. The revenue was $211.5 million, compared to $651.5 million in 2022. Mining revenue was $34 million, compared to $32.5 million in 2022.
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