Jiannan Yunzhi's Q3 total revenue was 33.3 million US dollars, a year-on-year decrease of 54.9%.

BlockBeats news, on November 28th, Canaan Inc. released its unaudited financial report for the third quarter of 2023, which includes: - Q3 revenue of $33.3 million, a year-on-year decrease of 54.9%; - Mining revenue of $3.3 million, a year-on-year decrease of 64.6%; - A net loss of $80.1 million in Q3. As of September 30th, Canaan Inc. held a total of 1,238.5 BTC, with a market value of $30.5 million, including 860 BTC held by the company and 378.5 BTC held as customer deposits. As of September 30th, 2023, the company had cash and cash equivalents of $40.6 million. In addition, on November 27th, Canaan Inc. signed a securities purchase agreement with institutional investors, issuing and selling up to 125,000 shares of Series A Convertible Preferred Stock to the investors at a price of $1,000 per share. Canaan Inc. intends to use the net proceeds from the sale of the securities for research and development, expanding production capacity, and other general corporate purposes.