Canaan Inc. Reports Unaudited First Quarter 2024 Financial Results
CANCanaan(CAN) Prnewswire·2024-05-17 17:15

SINGAPORE, May 17, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the three months ended March 31, 2024. First Quarter 2024 Operating and Financial Highlights Revenues were US35.1million,whichbeatthepreviousguidanceofUS35.1 million, which beat the previous guidance of US33 million by 6%. Mining revenue was US$10.5 million, representing a sequential increase of 182.1%. The number of Bitcoins held by the Company su ...