Bitcoin Miner Maker Canaan Lost $148 Million in 2019

Chinese bitcoin miner manufacturer Canaan Creative has disclosed it made a net loss of $148.6 million for 2019 on a revenue of $204.3 million, reflecting a declining profitability over the past three years. On Thursday, the firm released its first unaudited earnings report since it went public in the U.S. last November. Canaan said it sold computing power […]

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