Canaan Incorporated Beats Expectations with Q3 Results

Canaan Incorporated, a Singapore-based cryptocurrency mining hardware manufacturer, reported a smaller-than-expected loss of five cents per share in Q3, beating Wall Streets predictions of six cents. Despite the net loss, the companys revenue of $150.5 million surpassed analysts forecasts of $126.2 million, indicating a robust performance in the cryptocurrency mining hardware market.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.