Express

Canaan's Stock Price Plummeted By 13.04% As Its Q3 Net Loss Has More Than Tripled

Mary Liu

Summary: Canaan Inc. (NASDAQ: CAN), a famous Chinese crypto mining company today released its third-quarter 2020 financial report. The report shows that the net loss in Q3 was 86.4 million yuan (US$12.7 million), compared with 16.8 million yuan's net loss in the second quarter, the losses have more than tripled. In contrast, Canaan has a net income of 94.6 ...

Canaan Inc. (NASDAQ: CAN), a famous Chinese crypto mining company today released its third-quarter 2020 financial report. The report shows that the net loss in Q3 was 86.4 million yuan (US$12.7 million), compared with 16.8 million yuan's net loss in the second quarter, the losses have more than tripled. In contrast, Canaan has a net income of 94.6 million yuan in the same period of 2019. Affected by the poor performance revealed in the report, Canaan’s share price plunged to $5 with a decrease of 13.04%.

By Mary Liu

Last Update:

Tags: ,,
Link: Canaan's Stock Price Plummeted By 13.04% As Its Q3 Net Loss Has More Than Tripled   [Copy]
Next:

Related Articles

  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... 12 hours ago
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program 5 days ago
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift 23 days ago
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING 24 days ago
  • Gold’s $2.1 Trillion Plunge: Where Is The Smart Money Flowing Next? October 22, 2025

    • You need to login to comment.