Canaan Shivers as Crypto Winter Chills Demand for Mining Machines
The company’s third-quarter profit dropped nearly 90% as plunging cryptocurrency prices squashed demand for its productsKey Takeaways:Canaan’s third-quarter revenue and profit dropped 26% and 90%, respectively, as a downturn in…
RELATED ARTICLES
-
BitFuFu rides crypto wave, flexible business model to lofty profits
FUFU.US -
Cango’s latest pivot uncovers gold in bitcoin mining
CANG.US
-
Cango gets crypto jolt back to revenue growth, profitability
CANG.US
-
Boyaa Interactive hitches a ride on bitcoin
0434.HK
-
BRIEF: Canaan receives major crypto mining machine order
CAN.US
