• Written by: Ammar Raza
  • Fri, 26 May 2023
  •   Estonia

Canaan, a prominent manufacturer of Bitcoin mining machines, recently disclosed its financial report for the first quarter of 2023. The report reveals that the company generated revenues of $55.2 million during this period. However, despite the positive revenue figure, Canaan experienced a gross loss of $47.5 million. To align it’s reporting currency with its operations, Canaan switched […]

Bitcoin Manufacturer Canaan’s Q1 2023: $55.2M Revenue But A $47.5M Loss