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,…
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…
