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Canaan Gets Left Behind In Latest Crypto Bull Run
Summary
Key Takeaways: Canaan’s revenue fell 36% year-on-year in the first quarter even as the prices of bitcoin and other cryptocurrencies skyrocketed Demand for the company’s mining machines waned as a sharp drop in the amount of new bitcoin being created substantially curtailed the profitability of crypto mining
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Read Full ArticleArticle published on May 22, 2024 by benzinga