Canaan Technology’s Q1 revenue was US$35.09 million and it holds 1,057 Bitcoins
Golden Finance reported that Canaan Technology Company announced unaudited financial report data for the three months ended March 31, 2024. Revenue in the first quarter of 2024 was US$35.09 million, exceeding the previous forecast of US$33 million by 6%. Mining revenue was US$10.46 million, a month-on-month increase of 182.1%. The number of Bitcoins held by the company exceeded 1,000 for the first time, reaching a record high of 1,057. Net loss was US$39.39 million, a decrease of 71.7% month-on-month and a year-on-year decrease of 53.3%.
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