Canaan Reports $12M Q3 Loss, Says There’s ‘Rebounding Demand’ for Mining Machines

Canaan Reports $12M Q3 Loss, Says There’s ‘Rebounding Demand’ for Mining Machines
(Shutterstock)

Mining hardware manufacturer Canaan Creative reported a Q3 net loss of $12.7 million, or 54 cents per share, more than quadruple the size of Q2’s $2.38 million loss, or 10 cents per share.

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