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Bitcoin Mining Hardware Manufacturer Canaan Lost $148.6M In 2019

Ramsey Baker

Summary: Nasdaq-listed bitcoin mining equipment maker, Canaan, has reported a net loss of $148 million for 2019. The China-based company has revealed its unaudited Q4 and 2019 financial results, filed with the Securities and Exchange Commission (SEC), which showed its total net revenue in 2019 was $204.3 million, nearly half of what the company was able ...

Nasdaq-listed bitcoin mining equipment maker, Canaan, has reported a net loss of $148 million for 2019.

The China-based company has revealed its unaudited Q4 and 2019 financial results, filed with the Securities and Exchange Commission (SEC), which showed its total net revenue in 2019 was $204.3 million, nearly half of what the company was able to earn in 2018.

By Ramsey Baker

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Link: Bitcoin Mining Hardware Manufacturer Canaan Lost $148.6M In 2019   [Copy]
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