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Canaan Technology’s Q1 revenue was US$35.09 million and it holds 1,057 Bitcoins

Canaan Technology’s Q1 revenue was US$35.09 million and it holds 1,057 Bitcoins

Bitget2024/05/17 13:43

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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