Canaan’s Q2 revenue falls to $31.9 million, Pulse2.com reports
Pulse2.com says the company’s cryptocurrency treasury reached a record 1,915 BTC despite the revenue decline.
TLDR
Pulse2.com reports that Canaan’s second-quarter revenue fell to $31.9 million as weaker Bitcoin prices, softer mining-machine demand and seasonal power constraints pressured results. The outlet says the company’s cryptocurrency treasury meanwhile reached a record 1,915 BTC.
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