Canaan Technology released its financial results for the second quarter ending June 30, 2024 today. The data shows that the company's revenue for the quarter reached $71.9 million, surpassing the previously expected $70 million, and increased by 104.8% compared to the previous quarter. The total sold hashing power also reached 6.2 million Thash/s, growing by 83.9% sequentially. Notably, Canaan Technology reported an operating loss of $46.6 million for this quarter, a decrease of 60.9% from the same period last year, and a reduction of 31.5% from the previous quarter. As of the end of the reporting period, Canaan Technology held cryptocurrency assets including 1,133.5 bitcoins, with a fair value of approximately $69.9 million. This includes directly held 584.2 bitcoins,质押的530 bitcoins, and received as customer deposits of 19.3 bitcoins. In addition, as of the reporting date, Canaan Technology's cash reserves were $66.8 million, a decrease from $96.2 million at the end of 2023.