Canaan Faces Stagnant Revenue Amid Crypto Bull Run | Headlines | News | CoinMarketCap

02/28/2024 03:36
Canaan Faces Stagnant Revenue Amid Crypto Bull Run | Headlines | News | CoinMarketCap

Despite the ongoing crypto bull run, Canaan, a leading Bitcoin ASIC manufacturer, reports stagnant revenue growth. The company's recent Q4 2023 earnings revealed a revenue decline of 16% year-over-year, with a widened net loss from $91.6 million in Q4 2022 to $139 million. This i...

Canaan Faces Stagnant Revenue Amid Crypto Bull Run

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🗳 Fact/FUD

UltraMining17 minutes ago

BitcoinBitcoin

Published on February 27, 2024 20:19 GMT+00:00edited on February 27, 2024 20:19 GMT+00:00

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