Canaan posts sharp Q4 earnings recovery as Bitcoin mining demand heats up
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Bitcoin miner Canaan posted an impressive fourth-quarter turnaround, with revenue more than doubling as bitcoin miners returned to the market for new hardware, showing confidence after a slowdown earlier in the year. Mining Hardware Demand Powers Canaan Inc.’s Fourth-Quarter Return It reported fourth-quarter revenue of $196.3 million, an increase of 121.1 percent. […]
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