Canaan Inc. (CAN) Reports Q3 EPS of $0.41

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Go back to Canaan Inc. (CAN) Reports Q3 EPS of $0.41

Canaan Inc. Reports Unaudited Third Quarter 2021 Financial Results

November 16, 2021 5:00 AM EST

BEIJING, Nov. 16, 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 third quarter ended September 30, 2021.

Third Quarter 2021 Operating and Financial Highlights

Total computing power sold was 6.7 million Thash/s, up 128.4% from 2.9 million Thash/s in the same period of 2020 and up 12.9% from 5.9 million Thash/s in the second quarter of 2021, setting a new record. The robust year-over-year and sequential increases were mainly driven by the solid market demand and the delivery of... More