Canaan Gets Left Behind In Latest Crypto Bull Run

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 source: https://www.benzinga.com/markets/penny-stocks/24/05/38971735/canaan-gets-left-behind-in-latest-crypto-bull-run?utm_source=cryptopanic.com&utm_campaign=partner_feed&utm_medium=partner_feed&utm_content=site