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Canaan Technology Reports Q2 2025 Revenue and Record Bitcoin Mining Income

According to KULR’s Q2 2025 earnings release, shares jumped 24.29% pre-market as revenue rose 63% to $397 million and profit was buoyed by higher Bitcoin valuations; BlackRock holds a 5.6% stake.

Fact Check
Multiple sources (1, 4, 6) corroborate that Canaan reported its Q2 2025 financial results, with total revenues of $100.2 million. Source 1 explicitly states that Bitcoin mining revenues hit a record of $28.1 million, which is supported by the context from Source 3 showing growth over the previous quarter.
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Summary

KULR Technology’s pre-market share price rose 24.29% after releasing Q2 2025 results. The company reported $397 million in revenue, up 63% year-on-year, net profit of $814 million, and EPS of $0.22. Results were mainly driven by an increase in the market value of its Bitcoin holdings. KULR holds 1,021 bitcoins, and BlackRock owns 5.6% of KULR shares.

Terms & Concepts
  • Bitcoin: A decentralized digital currency operating on a peer-to-peer network; KULR’s reported holdings increased in market value, materially impacting quarterly results.