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March 7, 2023

Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

Bitcoin ASIC manufacturer Canaan saw 82% revenue drop in Q4

[ad_1] According to a new filing with the United States Securities and Exchange Commission on March 7, Canaan, a Chinese Bitcoin (BTC) miner and manufacturer of application-specific integrated circuit (ASIC) mining machines, reported that its revenue decreased by 82.1% year-over-year to $56.8 million in Q4 2022. During the quarter, Canaan sold 1.9 million terahashes per […]