Nasdaq-listed Canaan Technology has released an update on bitcoin mining operations for February 2025 and announced a preliminary unaudited financial settlement for the fourth quarter ended December 31, 2024, which disclosed that the company holds a total of 1,355 bitcoins, has achieved a full operating hashrate of 0.93 EH/s since February this year, and expects total revenue of approximately $89 million in the fourth quarter of 2024.