Canaan gets doubly squeezed in latest crypto downturn
The cryptocurrency mining machine maker’s revenue plunged and its net loss ballooned in the second quarter as its product sales and mining income both tumbled Key Takeaways: Canaan’s revenue from…
BRIEF: Canaan’s revenue leaps on strong gains for mining machine business
Bitcoin miner and mining machine maker Canaan Inc. (CAN.US) reported on Tuesday its revenue more than doubled in last year’s fourth quarter, as it continued to lose money due to…
Canaan builds up bitcoin mining in quest to emerge from crypto no man’s land
The cryptocurrency mining machine maker missed a market boom last year, and is ramping up its own bitcoin production just as the sector shows signs of stumbling Key Takeaways: Canaan…
BRIEF: Canaan receives major crypto mining machine order
Cryptocurrency mining machine maker Canaan Inc. (CAN.US) said on Thursday it signed a major new order with AGM Group Holdings Inc. for models from its Avalon A15 series. Under the deal,…
BRIEF: Canaan’s revenue doubles on booming demand from crypto miners
Cryptocurrency mining machine manufacturer Canaan Inc. (CAN.US) on Wednesday reported third-quarter revenue of $73.6 million, up 120.9% year-over-year. Its net loss narrowed by 5.6% to $75.6 million from $80.1 million…
Canaan gets left behind in latest crypto bull run
The maker of crypto currency mining machines reported its revenue dropped in the first quarter despite a big bitcoin rally Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first…
CHINA BULLETIN: Moody’s Downgrades China Outlook
In this week’s issue a Moody’s downgrade, a China-EU summit, and Evergrande dodges a meltdown. On a scale of 1 to 100, we give the week a 40 for offshore-listed…
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