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]
Next:

Related Articles

  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 5 hours ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 4 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 6 days ago
  • Bitcoin Weekly Analysis: Is a Bear Market on the Horizon? 8 days ago
  • AI Fraud Is Breaking the Internet’s Trust Economy. Can Compliance Tech Keep Up? 11 days ago

    • You need to login to comment.