1. Canaan Inc. reported financial statements for the third quarter of 2022 and its third quarter revenue was $978.2 million, compared to total revenue of RMB 3.99 billion for the first three quarters, an increase of 42.3 % year-over-year. Mining revenue for the third quarter was $8.7 million, up 19.0% sequentially, with the increase primarily due to increased computing power used for mining and improved power availability for mining machines.
Global Crypto Mining News (Nov 14 to Nov 20)
Global Crypto Mining News (Nov 14 to Nov 20)
Global Crypto Mining News (Nov 14 to Nov 20)
1. Canaan Inc. reported financial statements for the third quarter of 2022 and its third quarter revenue was $978.2 million, compared to total revenue of RMB 3.99 billion for the first three quarters, an increase of 42.3 % year-over-year. Mining revenue for the third quarter was $8.7 million, up 19.0% sequentially, with the increase primarily due to increased computing power used for mining and improved power availability for mining machines.