Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?
1 year ago
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Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months ended September 30, 2023. That’s down […]
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