Canaan, a NASDAQ-listed Bitcoin mining machine manufacturer, experienced a significant revenue surge in the third quarter, more than doubling its income. This impressive growth, reported by The Block, is attributed to increased sales of its mining machines and a substantial rise in self-mining volume. The company successfully transitioned to profitability, driven by its strong performance in the Bitcoin mining sector. During Q3, Canaan mined 267 BTC, adding to its cryptocurrency holdings. As of the end of October, Canaan holds a considerable portfolio of 1610 BTC and 3950 ETH. This positive news has resonated with investors, with Canaan's stock price currently experiencing an upswing of approximately 15%. The company's strategic focus on Bitcoin mining and equipment sales appears to be yielding strong financial results. ```