November 8, 2024

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Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to $39.4 Million

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Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to .4 Million
Mining Rig Producer Canaan’s Q1 Unrealized Gains Narrow Net Loss to .4 MillionIn the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […]