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Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline
₿Crypto & Web3

Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline

Home/Crypto & Web3/Bitcoin miner Canaan posts $88.7M net loss in Q1 amid BTC decline

Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs.

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AiFeed24 Team·⏱ 1 min read·Crypto & Web3
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