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Canaan Q3 Net Income Drops 88% as Bitcoin Mining Declines

Negative market dynamics have caused a reduction in net income, revenue and computing power sold in the third quarter of this year.

Updated May 9, 2023, 4:02 a.m. Published Nov 14, 2022, 10:44 a.m.
Canaan reported an 88% decline in third-quarter net income (Christie Harkin/CoinDesk)
Canaan reported an 88% decline in third-quarter net income (Christie Harkin/CoinDesk)