Jianan Zhizhi, the world's second-largest bitcoin miner, achieved a net profit of RMB 94 million (approximately US$13 million) in the third quarter of 2019. Previously, bitcoin prices have risen since April this year. On Wednesday, the company disclosed its initial public offering (IPO) documents in an updated document that had achieved a profit of $13 million and revenue of 670 million yuan ($95 million), a 40% year-on-year increase. This will give the company a net loss of $31.2 million and revenue of $132 million in the nine months to September. The company had a net loss of $45.8 million in the first half of 2019.