Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On?

Source: Adobe / Photocreo Bednarek Canaan – a China-based Bitcoin (BTC) ASIC manufacturer and operator – lost nearly half its revenue from mining machine sales last quarter, according to its Q3 earnings. Released on Tuesday, the firm’s financial results showed just $33 million in revenue for the three months ended September 30, 2023. That’s down The post Crypto Miner Manufacturer Caanan Reports 48% Drop in Sales – What’s Going On? appeared first on Cryptonews .