Bitcoin ASIC Manufacturer Canaan Faced $139M Loss in Q4 2023

Feb. 28, 2024, 1:55 p.m. 10 months, 1 week ago

Bitcoin ASIC Manufacturer Canaan Faced $139M Loss in Q4 2023. Canaan Inc. faces challenges in Q4 2023 due to subdued demand for ASIC miners and servers despite the ongoing Bitcoin bull market.


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Specialized hardware designed specifically for mining Bitcoin, offering superior efficiency compared to …