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Canaan’s 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%

Canaan's 2Q mining revenue jumps 43% on 1Q, but net loss climbs 31%

Bitcoin mining company Canaan announced its unaudited financial results for Q2 2023, showing growth in computing power sold and BTC mining revenues while it tackled a significant net loss of $110 million. up 31% on Q1. The NASDAQ-listed company outlined a variety of reasons influencing increased rev
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