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Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales ? What?s Going On?

Posted on 11/29/2023

Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales ? What?s Going On?

Canaan ? a China-based Bitcoin (BTC) ASIC manufacturer and operator ? lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings.\r\n\r\nReleased on Tuesday, the firm?s financial results showed just $33 million in revenue for the three months ended September...

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