Canaan Gets Left Behind In Latest Crypto Bull Run
24d ago•
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Key Takeaways:
- Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed
- Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin being created substantially curtailed the profitability of crypto mining
24d ago•
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bullish:
0
bearish:
0
bullish:
0
bearish:
0
bullish:
0
bearish:
0