Canaan Inc. (CAN) Reports Q1 EPS of $0.01

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Go back to Canaan Inc. (CAN) Reports Q1 EPS of $0.01

Canaan Inc. Reports Unaudited First Quarter 2021 Financial Results

June 1, 2021 6:00 AM EDT

BEIJING, June 1, 2021 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced its unaudited financial results for the first quarter ended March 31, 2021.

First quarter 2021 Operating and Financial Highlights

Total computing power sold was 2.0 million Thash/s, increasing by 122.2% from 0.9 million Thash/s in the same period of 2020 and by 900.0% from 0.2 million Thash/s in the fourth quarter of 2020. The sequential increase was mainly due to an increase in the number of Bitcoin mining machines being delivered in... More