Canaan Posts Sharp Q4 Revenue Rebound as Bitcoin Mining Demand Heats Up

Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with income greater than doubling as bitcoin miners rushed again into the marketplace for new {hardware}, signaling renewed confidence after a sluggish stretch earlier within the yr. Mining {Hardware} Demand Powers Canaan’s Fourth-Quarter Comeback Canaan Inc. reported fourth-quarter income of $196.3 million, a 121.1% enhance […]



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