Canaan Inc. (CAN) Reports Q1 Loss of $0.04 on Revenues of $9.64M
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Canaan Inc. Reports Unaudited First Quarter 2020 Financial Results
May 22, 2020 6:31 AM EDTHANGZHOU, China, May 22, 2020 (GLOBE NEWSWIRE) -- 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, 2020.
First Quarter 2020 Operating and Financial Highlights
Total computing power sold increased by 18.4% to 0.9 million Thash/s from 0.7 million Thash/s in the same period of 2019.
Total net revenues increased by 44.6% to RMB68.3 million (US$9.6 million) from RMB47.2 million in the same period of 2019.... More
