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Canaan Feels the Bitcoin Blues. Net Income Down 90%

Canaan Feels the Bitcoin Blues. Net Income Down 90%

Canaan Inc. (NASDAQ:CAN), a cryptocurrency mining hardware manufacturer, reported its quarterly numbers on Monday. During the three-month period that ended on 30 September 2022, the computing solutions provider achieved a revenue of $137.5 million, representing a decrease compared to the last quarter and the same period a year earlier.

The company's revenues slumped more than 40% quarter-over-quarter (QoQ) and... Read More

Posted: Nov 14 2022, 11:59
Author Name: financemagnates
Views: 110814

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