CAN - Canaan reports Q4 results

Canaan (CAN): Q4 GAAP EPS of -$0.47.Revenue of $5.8M (-91.3% Y/Y)“Due to supply chain disruptions, as the price of Bitcoin rallied in late 2020, we experienced a surge of demand for high-quality mining machines both in and outside of China. By leveraging our established market presence, we further optimized our international customer base, secured a large number of pre-orders from clients in both domestic and international markets, and streamlined our supply chain management to optimize our cash flow.." says Mr. Tong He, Chief Financial Officer.Press Release

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Canaan reports Q4 results