In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang claimed that Canaan’s revenues in the last quarter exceeded expectations due to the company’s persistent sales efforts and […]Mining, bitcoin miner, Bitcoin mining, Canaan Inc, Crypto, CryptocurrencyRead More

You might also be interested in reading Grayscale Report: Liquidated Long Perpetual Positions Fueled ETH’s Black Monday Flash Crash.