Canaan Incorporated Beats Expectations with Q3 Results
Update: 2025-11-18
Description
Canaan Incorporated, a Singapore-based cryptocurrency mining hardware manufacturer, reported a smaller-than-expected loss of five cents per share in Q3, beating Wall Streets predictions of six cents. Despite the net loss, the companys revenue of $150.5 million surpassed analysts forecasts of $126.2 million, indicating a robust performance in the cryptocurrency mining hardware market.
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