Express

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

Last Update:

Tags: ,,,,,
Link: Bitcoin Mining Hardware Manufacturer Canaan Lost $148.6M In 2019   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 4 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 10 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 13 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 14 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 17 days ago
  • You need to login to comment.