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Canaan’s Q3 revenue drops 90% to $14.5 million as hardware sales collapse
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Poin penting
- Cryptocurrency mining hardware manufacturer Canaan reported a dramatic 90% drop in its third-quarter revenue, down to $14.5 million.
- The severe decline was driven by a collapse in hardware sales.
- In response to the market downturn, the company is shifting its business strategy away from direct hardware sales toward operating its own Bitcoin mining operations.
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- Crypto BriefingCanaan’s Q3 revenue drops 90% to $14.5 million as hardware sales collapse · 3 jam yang laluBaca di Crypto Briefing
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