Canaan’s Q1 results were dragged down by a $25 million inventory write-down and a 75% quarterly drop in equipment sales as Bitcoin prices retreated from their highs.
source https://cointelegraph.com/news/bitcoin-miner-canaan-posts-887m-net-loss-q1-btc-decline?utm_source=rss_feed&utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound
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