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Canaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump
Judul dari The Block
Poin penting
- Bitcoin mining hardware manufacturer Canaan reported a 90% drop in third-quarter revenue, bringing total sales down to $14.5 million due to slumping hardware demand.
- Despite the sharp revenue decline, the company managed to achieve an $8 million profit for the quarter, supported by gains from its cryptocurrency holdings and financial derivatives positions.
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- The BlockCanaan’s Q3 revenue plunges 90% to $14.5 million as bitcoin mining hardware sales slump · 1 jam yang laluBaca di The Block
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